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Browsing School of Sciences and Humanities by Subject "labor productivity"
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Konings, Jozef; Marcolin, Luca
(K.U.LEUVEN, VIVES, 2013-05)
Classic economic theory applied to the labor market assumes that markets are
perfectly informed and able to allocate workers in open vacancies in equilibrium. These
workers are paid a salary equal to their marginal product ...