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inequality? And finally, we examine the convergence (or divergence) in terms of inequality. Analogous to the concept of (absolute …) convergence in terms of growth, a country is said to be convergent if the country has started with high (low) level of inequality …
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This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...
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