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aggregation over homogeneous individuals features different disutility of labor across the two sectors, which is in line with the … observed difference in average wage rates (OECD 2011). This theory-based utility function could be then utilized to study labor …
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the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …
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the micro level means that the aggregate labour supply elasticity is not a structural parameter: any aggregate elasticity …
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