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We explore the uses of double-calibrated general equilibrium models as a decomposition tool for analysing contributory factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to start and end years, based upon an assumed functional...
Persistent link: https://www.econbiz.de/10009389760
productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that …
Persistent link: https://www.econbiz.de/10011490893