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Hysteresis in the earnings function: an analysis by occupation
Simon C. Parker Timothy Dewhurst
, 1994, vol. 1, issue 9, pages 158-160
Applied Economics Letters Abstract:
The theory of hysteresis in the earnings function is tested by investigating its existence across a variety of occupations. Hysteresis signals are detected for professionals and executives, but not for manual construction workers or for the self-employed, so lending support to the theory.
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