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curve for Spain since 1980 and find that while the fall in unemployment over the last 8 years comes along with an increase … focus on what has happened since the late 1990s. Since 1999 the unemployment rate has fallen by almost 7 percentage points … in inflation of 2.2 percentage points per year, the increase of the relative unemployment rate of immigrants vis …
Persistent link: https://www.econbiz.de/10005700648
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity has vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real wage has risen. We propose an explanation for all three...
Persistent link: https://www.econbiz.de/10008511733