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.7% lower when the unemployment rate increases by one percentage point. This is less than half the equivalent entry-level effect …
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The centralised wage agreements have helped to contain inflation. There is evidence that wage increases were more moderate when a central agreement was concluded than in periods when no central agreement was reached. Nevertheless, there is also evidence that centralised wage setting has had some...
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The nonprofit sector's ability to absorb increases in labor costs differs from the private sector in a number of ways. We analyze how nonprofits are affected by changes in the minimum wage utilizing data from the Bureau of Labor Statistics and the Internal Revenue Service, linked to state...
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increase to 250 euros per month, the simulated unemployment rate increases by 0.4 percentage point in the short term and about … 0.6 percentage point in the long term. The youth unemployment rate (ages 15-24) is anticipated to increase by up to 1 ….1 percentage points in this scenario, a relatively large increase considering the already high levels of unemployment among this …
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