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How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
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We study the productivity effect of the German national minimum wage combining administrative firm datasets. We analyze … reallocation, and short- versus long-run effects. We document higher firm productivity even net of output price increases …. Productivity gains are persistent in manufacturing and service sectors. The minimum wage also increased manufacturing productivity …
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