| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16922 |
| DP16922 Firm Pay Dynamics | |
| Christian Moser; Niklas Engbom; Jan Sauermann | |
| 发表日期 | 2022-01-27 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We study the nature of firm pay dynamics. To this end, we propose a statistical model that extends the seminal framework by Abowd, Kramarz and Margolis (1999) to allow for idiosyncratically time-varying firm pay policies. We estimate the model using linked employer-employee data for Sweden from 1985 to 2016. By drawing on detailed firm financials data, we show that firms that become more productive and accumulate capital raise pay, whereas firms lower pay as they add workers. A secular increase in firm-year pay dispersion in Sweden since 1985 is accounted for by greater persistence of firm pay among incumbent firms as well as greater dispersion in firm pay among entrant firms, as opposed to more volatile firm pay. |
| 主题 | Financial Economics ; Labour Economics ; Macroeconomics and Growth ; Organizational Economics ; Public Economics |
| 关键词 | Earnings inequality Worker and firm heterogeneity Firm dynamics Linked employer-employee data Two-way fixed effects model Akm |
| URL | https://cepr.org/publications/dp16922-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545898 |
| 推荐引用方式 GB/T 7714 | Christian Moser,Niklas Engbom,Jan Sauermann. DP16922 Firm Pay Dynamics. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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