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Neo-institutionalism is different from institutionalism in that
Discrimination Coefficient
A statistical measure used to analyze the degree of differentiation between variables or groups.
Market Wage Rate
The prevailing rate of pay for a particular job in the competitive labor market.
Labor Market Discrimination
Unfair treatment of workers based on race, gender, age, religion, or other non-economic factors, affecting their employment opportunities and wages.
Equivalent Labor Resources
A concept comparing the productivity or value of labor between different industries or economies, taking into account factors like skill levels and hours worked.
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