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2008/2009 hit Austria, and the second was conducted in 2009 shortly after the trough of it. We analyse firms’ reactions to … nominal wage rigidities in Austria. Instead of wage cuts, firms preferred to reduce working hours and to dismiss employees. We …
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This paper investigates the long-term consequences of violent conflict and the associatedhuman casualties on economic development. Using the World War II casualties suffered in Austrian municipalities as a natural experiment, I find a significant negative causal effect of human losses on...
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