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One of the most stylized facts in labor economics is the finding that wages tend to rise with job duration but what is the role of productivity between this relation? Intuitively, it seems rather unspectacular that experienced workers' earnings are higher than otherwise comparable junior...
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The full employment framework and its demise -- Full employment: changing views and policies -- Early views on unemployment and the phillips curve -- The Phillips curve and shifting views on unemployment -- The troublesome NAIRU/The hoax that undermined full employment -- The shift to full...
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