Boeri, Tito; Macis, Mario - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
, and hence on average productivity. More importantly still,
these models have different implications as to the effects of UBs … moderating effects of unemployment on wages, reducing job creation in
the high productivity sector, hence the speed of job … workers in agriculture (proxying
low-productivity jobs), industry and services.
As we focus on dichotomic policy choices and …