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We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect … crucially depends on the income risk. The interaction effect between both risk measures is negative. Using administrative panel …
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Industries have varying abilities to benefit from externalities associated with geographical concentration, and are also likely to suffer in different degrees from crowding costs. This makes industries differ in their concentration process. We hypothesize that firms with low education levels...
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Focusing on the characteristics of destinations, this paper pursues to identify the role of spatial spillovers in driving location choices of manufacturing and services' firms. With this objective a spatial conditional logit framework is defined, allowing for neighbourhood-related spatial...
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Environmental pollution is a serious problem in highly industrialized countries, as it may pose a threat to the human health and life. For these reasons, entities responsible for polluting the environment and its natural resources undertake pro-environmental actions that involve reduction of the...
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