The Dual U.S. Labor Market Uncovered
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Aggregate U.S. labor market dynamics are well approximated by a dual labor market supplemented with a third, predominantly, home-production segment. We uncover this structure by estimating a Hidden Markov Model, a machine-learning method. The different market segments are identified through (in-
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美国国家经济研究局创建时间：
2023-05-01
