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large firms and diminishing marginal productivity of labor allows us to show that the two limit cases described above yield …
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In a model with a unionised immobile labour force we analyse how labour taxes and transfers towards unemployed workers are optimally chosen when a welfare maximising government faces oligopolistic and partly mobile firms. We consider two polar types of government: one whose objective consists of...
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-distributed database which merges data related to wage bargaining institutions (Wage Dynamic Network, WDN) with data on firm productivity … in terms of variation in profits, wages, and employment. The paper shows that, in line with the theoretical predictions …
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