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States with socialist economic systems also suffer from employment problems, a fact which is frequently passed over in silence by the critics of our market economic order. Professor Gernot Gutmann analyses its magnitude and causes.
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We use Statistics Canada's Labour Force Survey to explore the labor market impacts of the novel coronavirus (COVID-19). Specifically, we adopt a unique identification strategy to examine the heterogeneous causal effects of the COVID-19 economic shutdown by governments on hours worked across the...
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