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It is well known that wages in large cities are higher than elsewhere. There is only little empirical evidence on the mechanisms behind this phenomena. One channel, that is discussed in the literature, is learning. Provided that individuals learn by interacting with one another, an urban wage...
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the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in … Austria after 2011 can indeed be attributed to a supplyside shock. But, contrary to other research, our analysis shows that …
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