Firm Productivity, Wages, and Sorting

• 成果类型: Article
• 署名作者: Lochner, Benjamin; Schulz, Bastian
• 署名单位: University of Erlangen Nuremberg; IZA Institute Labor Economics; Aarhus University; Leibniz Association; Ifo Institut
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/722564
• 发表日期: 2024
• 页码: 85-119
• 关键词: workers; Heterogeneity; differentials; dispersion; MODEL

摘要

We study the link between firm productivity and the wages that firms pay. Guided by a search-matching model with large firms, worker and firm heterogeneity, and production complementarities, we infer firm productivity by estimating firm-level production functions. Using German data, we find that the most productive firms do not pay the highest wages. Worker transitions from high- to medium-productivity firms are on average associated with wage gains. Productivity sorting-that is, the sorting of high-ability workers into high-productivity firms-is less pronounced than the sorting into high-wage firms.