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by chimeracoder
3120 days ago
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> What evidence indicates it's 95% and not 20% or 80% or 99%? I'm not sure I understand your question. If you're asking the method by which this is done, it's a pretty straightforward econometric analysis problem - any graduate student probably does something similar in their first year. If you're asking what the exact percentage is, I don't know. I remember it's in the range of 90% or 95%, but not the exact number. (It also varies slightly with economic cycles anyway, because the main determinant is the relative elasticities of supply and demand for labor). |
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I'm asking for a citation.