Browsing Applied Economics by Author "Thomas, J"
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Bias in Returns to Tenure When Firm Wages and Employment Comove: A Quantitative Assessment and Solution
MARTINS, PMRDS; Snell, A; Thomas, J; Stüber, H (University of Chicago Press, 2017-11-08)It is well known that unless worker-firm match quality is controlled for, reduced-form estimates of returns to firm tenure will be biased. In this paper, we show that there is a further pervasive source of bias, namely, ...