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This note demonstrates that the special case condition, needed for a simple labor theory of value, of equal organic compositions of capital does not suffice to determine technology. Prices do not vary across techniques for both techniques in a numeric example of a two-commodity linear model of...
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One common feature of all empirical wage curve studies is the underlying assumption that the unemployment rate is the … extended wage curve in East Germany. There is a nonlinear and negative relationship between wages and job searcher rates on … unemployment. …
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wage pressure. Lagged wages are important in explaining wage growth, together with unemployment. This suggests that a wage …, compared to estimating at the underlying regional level. The distribution of regional unemployment rates within countries over … time is not mean-scaled. Regions with low unemployment rates are the main drivers of changes in aggregate unemployment. The …
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This paper analyses the entire wage effects of unemployment for an especially long observation period. In a three …
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