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We decompose the real annual full time compensation costs of 1.1 million French workers followed over 12 years into a part that reflects their external opportunity wage and a part that reflects their internal wage rate. Using these components of compensation we investigate the extent to which...
Persistent link: https://www.econbiz.de/10012472705
firm. Our model allows for the endogenous death of firms and correctly handles the problems arising from the estimation of …
Persistent link: https://www.econbiz.de/10012473786