Do firms in China share rents with their workers? We address this question by examining firm-level panel data covering virtually all manufacturing firms over the period 2000-2007, representing an average of 200,000 firms and 54 million workers per year. We find robust evidence of rent sharing...

We estimate sickness absences on Mondays and Fridays which fall between a weekend and public holidays, so called "bridging days". Many public holidays change their day of the week over the years. We find that sickness absences are considerably lower on bridging days than on regular Mondays and...

We estimate sickness absences on Mondays and Fridays which fall between a weekend and public holidays, so called "bridging days". Many public holidays change their day of the week over the years. We find that sickness absences are considerably lower on bridging days than on regular Mondays and...

The paper evaluates the impact of macroprudential capital regulation on bank capital, risk taking behaviour, and solvency. The identification relies on the policy change in bank-level capital requirements across systemically important banks in Europe. A one percentage point hike in capital...

The long run price elasticity of healthcare spending is critically important to estimating the cost of provision. However, temporary randomized controlled trials may be confounded by transitory effects. This paper shows evidence of a "deadline effect" - a spike in spending in the final year of...

This paper analyzes the effects of credit frictions in a trade model where heterogeneous firms select both into exporting and into two types of external finance. In our framework, small producers face stronger credit frictions, pay a higher borrowing rate and rely on bank finance, whereas large...