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shock. Firm‐specific shocks are important for wages given the variation in within‐firm productivity and the patterns of …
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lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we construct … labor resources generated in the aftermath of a shock). Furthermore, we estimate the contributions of individual lagged …
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We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes over time, and distinguish between quantity total factor...
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