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wage inequality due to differences in the mean and dispersion of wages between matched and mismatched workers. Chapter 4 … permanent component of earnings risk is compensated by higher wages while transitory risks are associated with a wage penalty … compensation in wages: Firstly, compensation for earnings risk is considerably higher for less risk averse workers. Secondly, the …
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; unemployment ; wages … (EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner's model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade …
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