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This paper extends Pissarides (1990)’s matching model by considering two sectors (routine and manual) and workers …
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This paper studies a labor market with directed search, where multi-worker firms follow a firm wage policy: They pay equally productive workers the same. The policy reduces wages, due to the influence of firms’ existing workers on their wage setting problem, increasing the profitability...
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This paper develops a labour market matching model with heterogeneous firms, on-thejob search and referrals. Social …
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