Do Firm Effects Drift? Evidence from Washington Administrative Data
NBER Working Paper No. 26653
---- Acknowledgments ----
We thank David Card, Patrick Kline, Christian Moser, Martha Stinson, Mikkel Sølvsten, and Jenna Stearns for useful comments. We are grateful to the Employment Security Department (ESD) of Washington State for allowing access to the Washington wage records, and especially to Jeff Robinson of ESD, whose help was essential to understanding the data. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.