I explore the role of aggregate fluctuations as a persistent determinant of heterogeneity in
firm-level markups. To analyze how business cycles generate dispersion in markups, I …

This paper analyzes the role of Initial Public Offerings (IPOs) on employment cyclicality.
Using Compustat data, I show that IPOs are cyclical in numbers and compositions and that …

This thesis consists of three chapters in macroeconomics. They study the effects of business
cycles on heterogeneous firms and workers and their consequences for the aggregate …