wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested …. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labor market … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …

entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second …

records and an employee survey, we provide evidence that wages are attached to jobs and that promotions play a dominant role …