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One of the most stylized facts in labor economics is the finding that wages tend to rise with job duration but what is … performance and wages in the National Basketball Association (NBA) is used to test the superiority of one model over others in … wages are solely determined on the basis of their productivity. Findings are rather in accordance with shirking and matching …
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The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...
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