Engbom, Niklas; Moser, Christian; Sauermann, Jan - National Bureau of Economic Research - 2022
We study the nature of firm pay dynamics. To this end, we propose a statistical model that extends the seminal framework by Abowd, Kramarz and Margolis (1999) to allow for idiosyncratically time-varying firm pay policies. We estimate the model using linked employer-employee data for Sweden from...