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Comments on ‘Wage Rigidity and Unemployment in OECD Countries’ by D. Grubb, R. Jackman and R. Layard
Wage Rigidity Unemployment
2015/8/4
Econometric investigations of individual countries’ experiences with inflation
and unemployment in the 1970’s have shown that it is no longer sufficient to
simply assume that wages are sticky in ord...
The Determination of Unemployment Benefits.