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Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368 Exercise 7
Compare two unemployed workers; one is 25 years-old while the other is 55 years-old. Both workers have similar skills and face the same wage offer distribution. Suppose that both workers also incur similar search costs. Which worker will have a higher asking wage Why Can search theory explain why the unemployment rate of young workers differs from that of older workers
Explanation
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Between the two unemployed workers the y...
Labor Economics 5th Edition by George Borjas
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