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What powers should small states hold in the European Union? Currently small states play important roles within the federal elements of the Union, but their future status is at stake. In a federation there are two tiers of government: a central unit and regional sub-units. Each tier enjoys final...
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We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …
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