The Interrelation of Wage Series of Firms to Each Other Land and to the Series of their Employment Level. Facts from Microdata.

The paper characterizes the following empirical relations between firms in an industry and between industries: (a) How the wage hierarchy of industries and that of firms (within each of the different industries) changes over time; (b) The relation of the average firm's wage to its size and the similar relation for different industries; (c) The short-run relation between the firm's average wage and its employment level, and the way size affects it; (d) The transfer mechanism of wage changes from firm to firm and from industry to industry.