Brixy, Udo (contributor); Kohaut, Susanne (contributor); … - 2004
.schnabel@wiso.uni-erlangen.de.
3
1. INTRODUCTION
In recent years, newly founded firms (or business start-ups) have increasingly
received attention … differential – if it
exists – vanishes over time once the new business matures and how fast such a
convergence in wages takes … et al. 2001). Put more general, in the start-up
phase of a business it is essential for survival to keep labour costs as …