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taxes and benefits non linear wage equation pdf
... reservation wage) (3) gu w (1-t) - w t denotes the average tax and social premium rate and w stands for the reservation wage. the reservation wage is a weighted average of the opportunity wage ... the wage equals the reservation wage. if the employee dominates bargaining ( 0), in contrast, employer's utility is zero and the wage equals the producer price times labour productivity. since a wage ...
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why do macro wage elasticities diverge meta analysis pdf
... wage costs per employee 46 net wage per employee 37 gross hourly wage 1 gross hourly wage costs 1 real gross hourly wage costs 8 real net hourly wage 43 real consumer wage 10 ratio of real consumer wage ... and the lower the reservation wage. so an additional rise ...
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