In this paper, we demonstrate substantial heterogeneity in wage growth across firms within industry, and across workers within firm in Belgium. This variation does not appear to be consistent with simple measurement error stories, but rather seems to be evidence of a more complex labor market. We also empirically show how different the wage and employment adjustment process looks at different levels of aggregation.
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Paper provided by Laval - Recherche en Politique Economique in its series Papers with number
9806.
Find related papers by JEL classification: J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand