Abstract
The last chapter highlighted the description of the data sets and employed a non-parametric technique, the Hodrick-Prescott filter, in order to establish a dynamic view of the data. provides regression analysis to answer two important questions. The first step of the regression analysis is to obtain an estimate of the wage path for each cohort of firms. Next, using these estimates of the wage slopes, and interpreting them as the change in the wage associated with a group of firms over time, the hypothesis that the wage slopes between large and new small firms are statistically different from one another is tested. That is, the first question in this chapter will specifically test the hypothesis that the dynamic wage measures of new small firms are different than that of large firms while making a sectoral distinction of high and low knowledge firms.
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