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Manuel Bagues

Manuel Bagues

Oct 22, 2026

AlejandroHOST
7:33
I mean, for economists, I'm an economist myself, so for economists, also
7:36
people... emphasize the fact that the economic structure changes across countries, the returns to different fields may be different.
7:45
So, for instance, think about Nordic countries.
7:47
You have lots of wage income compression because it's a very progressive tax system.
7:53
So, you know, if you do engineering, you know, maybe how much more money you will make is the difference is not so large.
8:00
So in this context of wage compression, maybe it's less attractive to the certain countries choices that are far away from your preference.
8:10
So these are the kind of the three explanations in the literature.

14 MINS LATER

AlejandroHOST
22:05
Talk a little bit more about how These kind of shocks psychologically affect children and what sociologists usually have noticed when these disruptions happen.

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