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that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …
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that high unemployment makes it easier to fill vacancies; hiring appears to be determined by labour demand while frictions …
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Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
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