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the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the … competitive labour market with friction. -- minimum wage and employment ; minimum wage paradox ; friction and search in the labour …
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Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment … adjustment fell entirely on employment. Variations in the changes of employment are studied using firm-level longitudinal data …
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