File:ED Section 6, equation 6 6.1.1.png

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A smoothed value of that over time becomes a labor wage impact variable in the model (LabWageImpact) and participation rates respond slowly to it (and therefore causally to unemployment rate). When such endogeneity is active, the equation above is replaced by that below

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16:46, 10 May 2023		Thumbnail for version as of 16:46, 10 May 20231,012 × 266 (39 KB)Julia.Detar (talk | contribs)

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