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We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence … of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working …
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Economic theory suggests that when a primary earner within a couple loses their job, one potential response is for the secondary earner to seek additional paid work to bolster their household finances. Yet, the empirical quantitative evidence regarding any such 'added worker effect' is mixed. To...
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