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In a typical Credit Linked Note structure,a special-purpose vehicle (SPV) issues notes tied to the credit performance of a reference obligation.Buyers of these notes are protection on the reference obligation and are the risk of the SPV mismanaging the collateral
Wage Differences
The variation in pay for different jobs or workers, based on factors like skill level, location, or job demand.
Years of Schooling
Refers to the total number of years an individual has spent in formal education settings, from elementary through higher education.
Job Characteristics
Attributes or aspects of a job that influence an employee's work environment and satisfaction, such as task variety, autonomy, and feedback.
Bertrand and Mullainathan
Scholars known for their contributions to the understanding of market mechanisms and behaviors, particularly in the context of labor economics and discrimination.
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