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What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor...
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macro-economic points of view, showing different ways out of the employment crisis. Apart from renowned German economists … markets on economic growth and employment. The contributions of the fourth chapter present experiences of other countries … sustainable employment growth in Europe. The methods contradict supply side arguments for the stabilisation of employment …
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