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of wages. Our model accounts for endogenous participation and mobility decisions. We find that firm-specific permanent … productivity shocks transmit to individual wages, but the effect is mostly concentrated among the high-skilled workers; firm …
Persistent link: https://www.econbiz.de/10012871560
of wages. Our model accounts for endogenous participation and mobility decisions. We find that firm-specific permanent … productivity shocks transmit to individual wages, but the effect is mostly concentrated among the high-skilled workers. For low … one-third higher relative to a scenario with no pass-through of firm shocks onto wages. …
Persistent link: https://www.econbiz.de/10012631559