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In this paper I inquire about the effects initial wealth has on black-white differences in early employment careers. I set up a dynamic model in which individuals simultaneously search for a job and accumulate wealth, and fit it to data from the National Longitudinal Survey (1979-cohort). The...
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"Over the last decade, both the availability of quantitative indicators on labor market institutions and of studies …: first, we provide an overview of the aggregate indicators of core labor market institutions such as employment protection …
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