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might have a positive impact on aggregate unemployment, while a demand shift from the primary to the secondary sector could …
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This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
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little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
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temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …
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