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hiring and firing costs, search frictions with vacancy costs, unemployment benefits, firm entry costs, and a tax wedge …
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This paper examines some stylised facts of trends in employment and unemployment over the past 30 years. The most … noteworthy development has been the rise in the aggregate unemployment rate over that period. The main factor accounting for this … rise has been the increase in the unemployment rate for full-time male workers, which in turn has reflected slower …
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