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This paper investigates whether and in what sense the west German wage structure has been 'rigid' in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
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macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an …, which is consistent with the pattern implied by matching models with endogenous job destruction. …
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