Martins, Pedro S.; Snell, Andy; Stüber, Heiko; Thomas, … - 2016
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 … eliminate this bias. Estimates from two large panel datasets from Portugal and Germany show that the bias is empirically …