Vejlin, Rune Majlund; Veramendi, Gregory - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 935-979
life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large … between 40 to 80% of workers experience no frictional wage growth during an employment spell. Our approach allows us to … frictional wage growth, while low, is more important toward the end of expansionary periods. We finish by estimating two versions …