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technological unemployment emerges. Additionally, the assumption of adaptive expectations is introduced, in which case technological … unemployment throughout the early phase prevails. Furthermore, oscillating growth rates emerge, indicating the possibility of …
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The US labour market is characterized by a high skill wage mark-up and low unemployment, while the German labour market … has a low skill wage mark-up and a high, mainly unskilled unemployment rate. This paper adds an innovative labour supply … to an increased relative skill demand which is not matched by the skill supply and therefore mis-match unemployment …
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technologies increase unemployment as growth fails to absorb the larger output potential they generate. This feeling that technical … unemployment such as working time reduction or pre-retirement schemes. For example, the French Employment Minister, Martine Aubry … far as unemployment is concerned, or that, if anything, it is favourable for employment. This paper reviews some …
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