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This paper investigates statistical significance of earnings stability in the within-company indirect valuation method. We empirically establish superiority of a within-company earnings multiple valuation technique for the relatively most stable companies. Favorable empirical results are robust...
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imply a semi-elasticity of native wages to immigration of −0.7 if the extensive margin of labour supply is ignored (the … zeroes of displaced workers are averaged in), and +0.12 on the wages of those who remain working. The effect on immigrant … wages is unambiguously negative. …
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