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Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...
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amongst graduates. Using data from the labour force surveys of the United Kingdom and Germany, we find similar results in … these two countries: subject of degree explains about 2-4 percent higher wages of male over female graduates after …
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