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to wage inequality in Germany. Applying models with additive fixed effects for workers and establishments, we document … die Lohndispersion in Deutschland in den letzten Jahren leicht rückläufig ist. …
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Each of the main explanations of procyclical labor productivity, or short-run increasing returns to labor (SRIRL), is closely associated with a competing theory of the business cycle: Real business cycle theorists attribute SRIRL to procyclical technological shocks, proponents of recent theories...
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