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This paper identifies and analyses a new effect related to the cyclical behavior of labor supply: the Entitled-Worker Effect (EWE). This effect is different from the well-known Added-Worker Effect (AWE) and Discouraged-Worker Effect (DWE). The EWE is a consequence of one of the most important...
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to employment, wages, prices and household well-being. The meta-analysis finds that most results on employment and wages … are non-significant. When significant, decreases in employment and wages are more likely to occur than increases with …
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