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impact on the individuals' wages one year after graduation. However, there appears to be a partial catchup towards luckier …
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Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....
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. However, whilst the effect of wages is found to be statistically significant, the predicted impact of an increase in nurses …
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