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In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to …
Persistent link: https://www.econbiz.de/10011440951
In this paper the standard Euler equation investment model with imperfectly competitive product markets is extended for … imperfectly competitive structures on the factor markets: labour markets and markets for investment goods. This extension leads to …
Persistent link: https://www.econbiz.de/10013428118
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and early 1990s. This is reflected in low wages and relatively high pensions of less productive (skilled) workers and vice … versa. We also find that the probability of retirement increases with social security wealth and decreases with net wages …
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