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economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …
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an interest rate innovation depends on the degree of wage rigidity. Generally, more rigid wages translate into more …
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unpaid overtime. Their effective wages show a strongly procyclical reaction to changes in unemployment. Despite acyclical …
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an interest rate innovation depends on the degree of wage rigidity. Generally, more rigid wages translate into more …
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