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This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....
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Job satisfaction has a significant and negative impact on voluntary job quits that may vary in size by gender. If women … are more likely than men to quit dissatisfying jobs and therefore interrupt their careers, then gender gaps in earnings …, labor force participation and leadership roles may persist. However, the improvement of these gender gaps over time may …
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This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to shed light on the growth and inequality trends
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We develop a simple search equilibrium model of workplace training and education based on two features. First, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with vacant skilled job slots can choose between recruitment...
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