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active labour market activity of labour Card/Krueger 1995 CATHERWOOD LIBRARY company level confirms the neo-classical decile ratio dependent variable development of employment effects of minimum efficiency wages eighties and early empirical studies employees Heinz Werner higher than market-clearing income not exceeded increase in minimum instrumental variables international comparative study international comparison labour demand labour market policy labour office labour supply late eighties long-term unem long-term unemployed Long-term Unemployment marginal cost marginal revenue marginal wage cost market-clearing wages minimum wage rate model of perfect monopson negative employment effect negotiated wages neo-classical standard model Netherlands number of long-term OECD paying higher percentage of trade perfect competition ployed ployment Portugal regression model result share of long-term supply of labour Tessaring trade union members trade union membership Ulrich Walwei unemployment benefits unemployment rate vacancies variables institutional sclerosis wage agreements wage negotiations wage rate w0 wage replacement payments wages are negotiated West Germany