How do credit shocks affect labor market reallocation and firms' exit, and how does their propagation depend on labor rigidities at the firm level? To answer these questions, we …
S Gadgil, J Sockin - Available at SSRN 3638358, 2020 - papers.ssrn.com
We study how corporate scandals affect workers. Following the revelation of misconduct, employee sentiment decreases sharply and persistently, driven by diminished perceptions …
This dissertation is composed of three essays on macroeconomics, corporate finance and labor economics. The first investigates how rigidities in labor adjustment affect the …
In the first essay, we argue that productive firms share rents with workers only in occupations where workers have individual hold-up power. We present a model of wage determination …