This paper (ASSA 2016 link below) looks to study revenue and sales volatility at the firm level and how that relates to employee level of wages. The main take away is that employee wages tend to be positively related to revunue shocks. That is, employers tend to keep employee wages steady and increasing over time regardless of the specific shocks that the firm may be experiencing at any given time.
ASSA 2016 paper
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Dwight Steward, Ph.D.
Dr. Steward regularly writes and speaks on topics involving business and individual economic damages, employment audits, and the analysis of payroll and time data in wage and hour investigations. Dr. Steward has also held teaching positions at The University of Texas-Austin in the Department of Economics and in the Red McCombs School of Business, The College of Business at Sam Houston State University, and at The University of Iowa. He has taught numerous courses in statistics, corporate finance, labor economics, business policies, managerial economics, and microeconomics.
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