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Becker?s theory of human capital predicts that minimum wages should reduce training investments for affected workers …
Persistent link: https://www.econbiz.de/10010262588
We investigate how nondemocratic regimes use the military and how this can lead to the emergence of military dictatorships. Nondemocratic regimes need the use of force in order to remain in power, but this creates a political moral hazard problem; a strong military may not simply work as an...
Persistent link: https://www.econbiz.de/10010268860