Firm Productivity, Wages, and Sorting
研究了企业生产率与工资之间的关系，发现德国数据中生产率最高的企业并不支付最高工资，工人从高生产率企业流向中等生产率企业反而平均带来工资增长，且高能力工人更倾向于进入高工资企业而非高生产率企业。
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.