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lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …
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rate, and appears to be untrended in both countries. Union wages are sticky. c) The size of the wage gap varies across …
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rate, and appears to be untrended in both countries. Union wages are sticky. c) The size of the wage gap varies across …
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to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …
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's theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of …
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This paper summarizes evidence for the existence of a wage curve a downward-sloping relationship between the level of pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations. Its elasticity is approximately -0.1. -- wage...
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