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Excess Labor and the Business Cycle

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NBER1984-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1292
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This paper compares the Medoff-Fay estimates of labor hoarding during troughs, which are based on data from manufacturing plants, with aggregate estimates of excess labor on hand.The two sets of estimates seem consistent, which provides a strong argument in favor of the excess labor hypothesis. This
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1984-03-01
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