How did the riskier labor markets react

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This article was written early in the pandemic, but it describes a situation that has persisted to some extent over the last three years. How did the riskier labor markets react? Did we see wage adjustments of the sort predicted by the theory of compensating wage differentials? If not, why not? Did Would the result be different if the higher risk were expected by workers and firms to become long-term?

Reference no: EM134009687

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