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Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
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Europeans have worked less than Americans since the 1970s. In this paper, we quantify the relative importance of the extensive and intensive margins of aggregate hours of market work on the observed differences. Our counterfactual exercises show that the two dimensions of the extensive margin,...
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