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der Arbeitslosigkeit zur Folge hat. -- search friction ; labor market transitions ; wages …
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labor market frictions and wage setting institutions the author shows the importance of such imperfections in order to …"The labor markets of important OECD countries show a similar picture: high wages and low unemployment for skilled … workers and low wages but high unemployment for low-skilled workers. During the last 10 years this fact has been studied under …
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