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experience of Japan and the United Kingdom points to missing links in the debate on labor market effects of globalization and … skill-biased technological change. In Japan, both unemployment and wage disparities remained low. The contrasting experience …-intensive industries. But the response to this common challenge has different remarkably. Japan has outperformed its major competitors in …
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The labour markets in the developed countries have experienced two fundamental changes in recent years. Firstly, high-skilled workers have gained at the expense of low-skilled workers, which manifests itself in a rising skill premium and/or a rising disparity in the unemployment rates of these...
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