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wage inequality due to differences in the mean and dispersion of wages between matched and mismatched workers. Chapter 4 … permanent component of earnings risk is compensated by higher wages while transitory risks are associated with a wage penalty … compensation in wages: Firstly, compensation for earnings risk is considerably higher for less risk averse workers. Secondly, the …
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Institutional Frameworks and Labor Market Performance produces an in-depth analysis of the functioning of various labor market institutions in both the USA and Germany. Particular emphasis is given to the substantial differences between the US and Germany in the ways important areas are...
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