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In this paper, we provide a comprehensive overview of labour market dynamics in Western Ger- many by looking at gross worker flows. To do so, we use a subsample of the registry data collected by the German social security system, the IAB employment sample, for the time period 1975-2001. The...
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cycles. Economic Theory, 12(3):583-597]. The aim of this article is to show that financing constraints can substantially …
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