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Macroeconomically oriented wage policies had largely gone out of fashion. Instead, the prevailing view was that wage setting is just another market process comparable to market processes in goods markets. However, these theoretical approaches ignore some fundamental aspects of wage setting. For...
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the workforce, the effects of tenure wages and employment protect ion on the perceived gap and whether a perceived labour … surveys administered to employers in Denmark, France, Germany, Italy, the Netherlands, Poland and Sweden … productivity. Both the presence of tenure wages and employment protection rules increase the probability that employers perceive a …
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