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We have modeled the employment/population ratio in the largest developed countries. Our results show that the evolution of the employment rate since 1970 can be predicted with a high accuracy by a linear dependence on the logarithm of real GDP per capita. All empirical relationships estimated in...
Persistent link: https://www.econbiz.de/10009220106
A quantitative model is presented linking the rate of inflation and unemployment to the change in the level of labor …
Persistent link: https://www.econbiz.de/10008836412