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Pages 6-7

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From page 6...
... Why might the choices of employers and employees with respect to skill acquisition still result in such a gap? Mismatches in the Short and the Long Run In recent years there has been much discussion among various social scien tists of a skills mismatch in the work force, with the implication that this helps to account for the low employment rates of such groups as inner-city minorities (Wilson, 1987; Kasarda, 1995~.
From page 7...
... 1This analysis assumes that the market was in equilibrium to begin with and that it will be so after the demand shifts occur. If wages are rigid, especially in the downward direction for less educated workers, the result would be somewhat less reduction in wages and somewhat more loss of employment (and a rise in unemployment)


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