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reduces equilibrium unemployment under circumstances with sufficiently "rigid" labour market institutions, i.e. sufficiently …
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-market competition and growth on aggregate unemployment, but also how they affect the unemployment rates for the low- and high …
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value-added can raise unemployment. …
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for equilibrium unemployment are characterized. …
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Efficiency wage effects of profit sharing are combined with option values related to stochastic future profit variations. These option effects occur if the workers' profit share is fixed by long-term contracts. The Pareto-improving optimal level of the sharing ratio is calculated for two...
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