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This paper deals with the effects of education-job (mis)match on the earnings of higher education graduates in the context of higher education expansion and different phases of the economic cycle in the Czech Republic in 2006-2018. It aims to contribute to knowledge about the effects of...
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With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment‐specific technological progress (ESTP) keeps pushing up the demand for skilled relative to unskilled labor and raising the skill premium. This paper quantitatively characterizes the...
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