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The determination of wages of newly hired employees: survey evidence on internal versus external factors
Galuščák, Kamil ; Keeney, Mary ; Nicolitsas, Daphne ; Smets, Frank ; Strzelecki, Pawel ; Vodopivec, Matija
This paper uses information from a rich firm-level survey on wage and price-setting procedures, in around 15,000 firms in 15 European Union countries, to investigate the relative importance of internal versus external factors in the setting of wages of newly hired workers.
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