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Journal Article The Implicit Contract Theory of Unemployment meets the Wage Bill Argument Get access George A. Akerlof, George A. Akerlof London School of Economics Search for other works by this author on: Oxford Academic Google Scholar Hajime Miyazaki Hajime Miyazaki Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 47, Issue 2, January 1980, Pages 321–338, https://doi.org/10.2307/2296995 Published: 01 January 1980 Article history Received: 01 June 1976 Accepted: 01 March 1979 Published: 01 January 1980
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Akerlof et al. (1980) studied this question.
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