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Centralized wage setting and labor market policies: the nordic case

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Figure

Figure 1: Equilibrium reservation productivity and market tightness under centralized anddecentralized wage settings when ¯x = b + [β/(1 − β)]cϑ∗d.
Figure 2: Effect on centralized equilibrium of an increase in the centralized wage.
Table 1: Effects of ALMP in different scenarios

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