controlled for there is a further pervasive source of bias, namely the co-movement of firm employment and firm wages. In a simple … aggregate or firm level) to firm's employment and wages cause downward bias in OLS regression estimates of RTT. We show that the … long established procedures for dealing with "traditional" RTT bias do not circumvent the additional problem we have …

the job, job duration should be distributed uniformly. Using extreme value theory, we can infer the shape of the wage …