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of final and official statistics. We propose the use of a multivariate structural time series model which includes common … trends and seasonal components to combine official statistics series with related auxiliary series. In this way, more precise … and more timely nowcasts and forecasts of the official statistics can be obtained by exploiting the higher frequency and …
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In an efficiency wage economy, lump-sum severance pay from which shirkers can be excluded raises employment. However, severance payments are usually related to wages. It is shown that earnings-related, mandated severance pay will have ambiguous employment effects if effort can be varied...
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