Measuring What Employers Really Do about Entry Wages over the Business Cycle
---- Acknowledgements -----
The authors are grateful for helpful discussions with Michael Elsby and Pedro Portugal and for comments from seminar participants at Michigan State University, the National Bureau of Economic Research Summer Institute, the CREI/Kiel Institute conference on “Macroeconomic Fluctuations and the Labor Market,” and the International Tor Vergata Conference on Money, Banking, and Finance. Martins and Thomas are grateful for the support of the ESRC (RES-062-23-0546). The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.