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Equilibrium Unemployment with Internal Labour Markets

The flow approach to the labour market is based on a clear distinction between trade and production. This paper argues that this separation is not realistic because many firms in developed economies usually fill an important share of their vacancies by upgrading incumbent employees. The... Full description

1st Person: Brunello, Giorgio verfasserin
Source: in Economica Vol. 63, No. 249 (1996), p. 19-35
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Type of Publication: Article
Language: English
Published: 1996
Keywords: research-article
Online: Volltext
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