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During the last decade The Netherlands witnessed an increase in the pace of job creation and job destruction. A sensitivity analysis using an empirical model of labour market flows shows thatthe congestion in the matching process due to the increase in the pace of job creation and destruction...
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-term effects on expected employment and labor force participation, suggesting positive hysteresis. Our forecast evaluation tests …
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-term effects on expected employment and labor force participation, suggesting positive hysteresis. Our forecast evaluation tests …
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