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We develop a matching model to account for the fact that worker turnover in Europe is much less than in the United States, whereas job turnover is roughly the same. The model assumes that the quality of worker-firm matches is both an inspection good and an experience good. Both parties have...
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We investigate the impact of labour market concentration on two dimensions of job quality, namely wages and job … and local product market concentration, we show that the elasticities of wages with respect to labour market concentration … are strikingly similar across countries: increasing labour market concentration by 10% reduces wages by 0.19% in Germany …
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