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Federal Reserve Bank of San Francisco: 'Why Firms Lay Off Workers Instead of Cutting Wages: Evidence From Linked Survey-Administrative Data'
February 18, 2025

SAN FRANCISCO, California, Feb. 18 (TNSres) -- The Federal Reserve Bank of San Francisco issued the following white paper (No. 2025-05) on Feb. 14, 2025, by Birthe Larsen, Marianna Kudlyak, and Morten Bennedsen entitled "Why Firms Lay Off Workers Instead of Cutting Wages: Evidence from Linked Survey-Administrative Data."

Here are excerpts:

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We use a novel large-scale survey of firms, implemented in Denmark in 2021 and linked to administrative . . .

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