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We estimate a model of the joint participation and mobility along with the individuals' wage formation in France. Our …
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that the two dimensions of the extensive margin, the employment rate and the participation rate, explain the most of the …
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The 2007-2008 financial crises has made it painfully obvious that markets may quickly turn illiquid. Moreover, recent experience has shown that distress and lack of active trading can jump around between seemingly unconnected parts of the financial system contributing to transforming isolated...
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