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-time variation in rates of return as a function of the timing, speed, and volatility of reform processes as well as estimation … schooling. We report the systematic effects of sample characteristics, estimation methods, and model specifications on estimated …
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"We present a model of neighborhood effects in wage payment delays. Positive feedback arises because each employer's arrears affect the late payment costs faced by other firms in the same local labor market, resulting in a strategic complementarity in the practice. The model is estimated on...
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