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net flows of employment. The analysis relies on an administrative employer-employee dataset of individual annual earnings … matched with firms' annual accounts for Belgium over the period 1997-2001. Results point to asymmetric behaviour depending on … economic conditions. On average, wage bill contractions result essentially from employment cuts in spite of wage increases …
Persistent link: https://www.econbiz.de/10003636088
We test whether firms with a single bank are better shielded from loss of credit and investment cuts in periods of adverse cash flow shocks than firms with multiple bank relationships. Our estimates of the cash flow sensitivity of investment show that both types of firms are equally subject to...
Persistent link: https://www.econbiz.de/10003358619
) developed by Dickens and Goette (2006) and rely on a large administrative matched employer-employee dataset for Belgium over the …
Persistent link: https://www.econbiz.de/10003831755
Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real … well as aggregate TFP within the year. -- Labour compensation ; employment ; hours ; Total Factor Productivity …
Persistent link: https://www.econbiz.de/10003832001
in Belgium over the period 1990-2002. Our results show that Belgium is characterised by strong real wage rigidity and …
Persistent link: https://www.econbiz.de/10003599594
Persistent link: https://www.econbiz.de/10010482466
Persistent link: https://www.econbiz.de/10001637064