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replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …
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We consider the dynamic relationship between product market entry regulation and equilibrium unemployment. The main theoretical contribution is combining a job matching model with monopolistic competition in the goods market and individual bargaining. We calibrate the model to US data and...
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