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We develop a model which shows that wages, prices and real income should grow faster in countries with low increase in … increase in their prices and in German wages. This mechanism is magnified by the low price elasticity of the demand for German …
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larger, more productive, and pay higher wages than other firms in the same industry. Positive performance effects of engaging …
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larger, more productive, and pay higher wages than other firms in the same industry. Positive performance effects of engaging …
Persistent link: https://www.econbiz.de/10012122596
economic miracle, elasticities of real wages to productivities - that is the ratios of rates of variations of the former to the … determination processes. The low elasticities of wages to productivity are plausibly the consequence of the massive flow of migrant …
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This paper discusses two issues in the relationship between inequality and economic growth: the data and the econometrics. We first review the income inequality data set of Deininger and Squire (D&S), which, we argue, fails to provide either adequate or accurate coverage, whether through time or...
Persistent link: https://www.econbiz.de/10001892784
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