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in unemployment and vacancies but also wages, is the drop in consumption for the unemployed. In addition, explaining the …
Persistent link: https://www.econbiz.de/10005090796
Persistent link: https://www.econbiz.de/10005027237
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A matching model with labor/leisure choice and staggered bargaining is used to explain (i)differences in GDP per hour and GDP per capita, (ii) differences in employment, (iii) differences in the proportion of part-time work across countries. The model predicts that the higher the level of...
Persistent link: https://www.econbiz.de/10005027314
associated with inequality adversely affected the emergence of institutions that promote human capital accumulation. The research …
Persistent link: https://www.econbiz.de/10005125614
distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …
Persistent link: https://www.econbiz.de/10005062436
distribution of land ownership, adversely affected the implementation of human capital promoting institutions (e.g., public …
Persistent link: https://www.econbiz.de/10005408243
workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor … equilibrium wage, while an increae in average productivity or a reduction in the variance reduces unemployment. It follows that if … recessions are chararacterized by low average productivity and a high variance, the model can explain large (un)employment …
Persistent link: https://www.econbiz.de/10005069473