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derived and simulated. First of all, the monetary persistence of a pure price staggering economy is compared to a pure wage … staggering economy under different labor market structures (by means of a newly proposed persistence measure) and interactions …
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The paper examines the relative effectiveness of two policy proposals in reducing unemployment and working poverty: unemployment vouchers and low-wage subsidies. The unemployment vouchers are targeted exclusively at the unemployed (especially the longterm unemployed) and are provided only for a...
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