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Labor market institutions, wages, and investment : presented at CESifo Area Conference on Employment and Social Protection, June 2004

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Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10011450828