Equilibrium unemployment and capital intensity under product and labor market imperfections
We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous and endogenous capital intensity. With endogenous capital intensity, stronger labor market imperfections always increase equilibrium unemployment. The relationship between the long-r...
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Format: | UnknownFormat |
Sprache: | eng |
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Munich
Univ., Center for Economic Studies u.a.
2004
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Schriftenreihe: | CESifo working paper series Labour markets
1343 |
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