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Real Wages and the Business Cycle:Accounting for Worker and Firm Heterogeneity
Carneiro, Anabela; Guimarães, Paulo; Portugal, Pedro - Institut zur Zukunft der Arbeit <Bonn> - 2009
wages. A one-point increase in the unemployment rate decreases wages ofnewly hired male workers by around 2.8% and by just 1 …
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