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Micro Foundations for Wage Flexibility: Wage Insurance at the Firm Level

To what extent do firms insulate their workers' wages from fluctuations in product markets? Which firm and worker attributes are associated with wage flexibility at the micro level? We first rely on Guiso, Pistaferri and Schivardi (2005) to estimate dynamic models of sales and wages, finding that... Full description

1st Person: Cardoso, Ana Rute
Additional Persons: Portela, Miguel verfasserin
Source: in The Scandinavian journal of economics Vol. 111, No. 1 (2009), p. 29-50
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Type of Publication: Article
Language: English
Published: 2009
Keywords: research-article
Wage shocks
risk sharing
rent sharing
Online: Volltext
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