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Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and across space, we find that photovoltaic installations...
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This paper presents a model of wage-employment determination in private and public sectors, which allows us to analyze … in wage increases and employment reduction in the private sector, whereas it induces wage moderation and employment … out effect on private employment. Such effect appears to be stronger in the presence of encompassing union behavior. An …
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