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education shows positive effects for the unemployed with respect to both the employment probability and wages. To explain the …
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We describe trends in wages and labor force participation for the "working class" - whom we define as workers with high school or less education - compared to those with college or more. We compare cyclical peaks over the entire period 1979-2019, with particular focus on the Great Recession...
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that the two dimensions of the extensive margin, the employment rate and the participation rate, explain the most of the …
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force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are …
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