"We evaluate the impact of product market uncertainty on workers wages, addressing the questions: To what extent do … firms provide insurance to their workforce, insulating their wages from shocks in product markets? How does the amount of … quality. The empirical strategy is based on Guiso et al. (2005). We first estimate dynamic models of sales and wages to …

the repeal of tariff restrictions lead to an increase in entry into regulated occupations and to a reduction of the wages …