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This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
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foreign direct investment in Central Europe may have helped the relatively favourable employment and earnings record of the … production. Employment and wages diverged considerably within the German automobile industry. Relative to skilled workers, the …
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firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired …
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This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
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