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In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layouts than for plant closings, which was borne out by data from the Displaced Workers...
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einem langjährigen Rückgang wieder zu. Welches sind die Ursachen für diese Entwicklung? Ist die Entlastung am Arbeitsmarkt …
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