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estimates an on-the-job search model of the labor market to study the contribution of wage inequality and job mobility in … explaining earnings instability. To study the evolution over time of these different components we extract two estimation samples … labor market between the two periods are in the job-to-job mobility and in the variance of the wage offer distributions …
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, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …
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, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …
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