The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first...

We examine the response of a large panel of German establishments to the crisis in terms of their job flows (changes in employment) and consequent worker flows (hires, separations and layoffs). We analyse the extent to which job flows and worker flows at the establishment level are...