Brown, J. David (contributor); Earle, John S. (contributor); … - 2005
related industries; these would also be relevant considerations for a welfare evaluation, but
we leave them for future …
jt
+ w
t
α
i
+ θ
it
δ + u
it
, (1)
where i indexes firms from 1 to N, j indexes industries from 1 to J, and t …=10 industries, which we have chosen based on the trade-off between disaggregation and
number of observations, specifying …