-wage profile is much steeper than in domestic firms, especially for managers as opposed to blue-collar workers. Second, the higher … lifetime wage income for managers in internationally active firms relies on the stronger accumulation of experience that these …

-wage profile is much steeper than in domestic firms, especially for managers as opposed to blue-collar workers. Second, the higher … lifetime wage income for managers in internationally active firms relies on the stronger accumulation of experience that these …

to firms and their managers. Using staggered expansions of UI across US states, we show that expanding UI leads to larger … unconstrained firms, where managers have greater discretion to avoid moral cost. This study presents moral cost as a novel …