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In this paper we investigate the quantitative importance of e fficiency wages in explaining fluctuations in Bulgarian labor markets. This is done by augmenting an otherwise standard real business cycle model a la Long and Plosser (1983) with unobservable workers e ort by employers and wage...
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We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and … when initial durations are shorter have substantial effects on the unemployment rate and the number of people receiving UI …
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