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Endogenous Output in an Aggregate Model of the Labor Market

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NBER1989-01-01 更新2025-01-04 收录
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A common feature to most aggregative studies of the labor market is a marginal productivity expression in which the quantity of labor appears on the left hand side of the equation, and the right hand side includes the real wage and output. A number of researchers have cautioned that if the output

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1989-01-01
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