specializations concerning both incumbents and start‐ups in the German transport sector. While many regions show green specializations … in either start‐ups or incumbents, only some regions manage to specialize in both. We find that the above …

in Germany. This increase is entirely attributable to incumbents increasing counterfactual gas prices by up to 90%. Non-incumbents …

and incumbents, where incumbents are defined as individuals who were already employed in the same firm the year before …. Using administrative data for France, we find that concentration negatively affects both new hires' and incumbents' wages … wages into its different components, we find that the negative effect on incumbents' wages accounts for between two thirds …

and incumbents, where incumbents are defined as individuals who were already employed in the same firm the year before …. Using administrative data for France, we find that concentration negatively affects both new hires' and incumbents' wages … wages into its different components, we find that the negative effect on incumbents' wages accounts for between two thirds …