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This paper attemps to identify the trend unemployment rate, an empirical concept, using cointegration theory. …
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In continental Europe, labour shares in national income have exhibited considerable variation since 1970. Empirical and theoretical research suggests that the evolution of labour markets and labour market imperfections can, in part, explain this phenomenon. The author analyzes the role of...
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incorporating search unemployment and they explicitly model the occupational choice of individuals to become workers or …
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using the Generalized Methods of Moments (GMM) estimation technique. An increase in government spending raises hours worked …
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