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In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends on a type of structural shocks. Identified using a sign...
Persistent link: https://www.econbiz.de/10010417964
necessarily welfare-optimizing in a second best world where the labor market equilibrium suffers from distortions. -- search …
Persistent link: https://www.econbiz.de/10009536410