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A Theory of Firm Wage Dynamics
We are especially grateful to Philipp Grübener for encouraging us to write this paper. We thank Sebastian Di Tella, Santiago Franco, Gregor Jarosch, Guido Menzio, and Martin Souchier for helpful conversations. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. Copy Citation Marc de la Barrera and Masao Fukui, "A Theory of Firm Wage Dynamics," NBER Working Paper 35554 (2026), https://doi.org/10.3386/w35554.
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