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series labour productivity (prod), employment (e), unemployment rate (U), real wages (rw).This notion was definitively … variables will only be -0.003 for real wages or -0.3%, -0.001 for unemployment or -0.1%, -0.000 for productivity or -0%,and -0 …% for employment. This means that Canadian labour market is in equilibrium working at natural rate of unemployment and by …
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This paper reexamines the dualistic view of LDC labor markets by studying the dynamics between "formal" and "informal" labor markets across a business cycle and a period of trade liberalization in Mexico, 1987-1993. Conventional earnings comparisons, even across time, are shown to be unreliable...
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