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nach sozialer Gerechtigkeit nachhaltig erfüllen zu können. Ironischerweise scheint es sogar so zu sein, daß die …
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Following Driscoll and Holden (2004), I model forward-looking workers who consider it unfair if a wage adjustment fails to match past inflation. However, the present paper proposes a much larger effect by using the job finding rate as the measure of workers' opportunities outside the firm rather...
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