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This paper surveys the rise of income inequality in affluent nations. Social programs are critical to keeping inequality in check, but their sustainability is increasingly threatened. A possible solution is high levels of employment.
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, Japan and Germany between 2.5 and 5 per cent of the workforce participated in short-time work schemes at the trough of the … Germany is more encouraging as to the effectiveness of STW, pointing to rather moderate deadweight losses. We interpret this …
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