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Comparative Advantage in Cyclical Unemployment

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NBER2007-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13231
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We introduce worker differences in labor supply, reflecting differences in skills and assets, into a model of separations, matching, and unemployment over the business cycle. Separating from employment when unemployment duration is long is particularly costly for workers with high labor supply. This
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2007-07-01
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