Cestone, Giacinta; Fumagalli, Chiara; Kramaz, Francis; … - Centro Studi di Economia e Finanza (CSEF) - 2015
Exploiting matched employer-employee data merged with information on the ownership structure of business groups, we document that French groups actively operate Internal Labor Markets (ILMs). For the average group-affiliated firm, the probability to absorb a worker previously employed in its...