From (8.43) we can see that the gross wage w (and thus unemployment U) rises if the
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From (8.43) we can see that the gross wage w (and thus unemployment U) rises if the unemployment benefit (B) rises, the degree of progressivity falls (s rises), and
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Related Book For
Foundations Of Modern Macroeconomics
ISBN: 9781264857937
1st Edition
Authors: Ben J. Heijdra, Frederick Van Der Ploeg
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