We use data on publicly traded U.K. firms to investigate whether financing choices differ systematically with R&D intensity. As well as looking at a balance sheet measure of the debt/assets ratio, we also consider the probability of raising finance by issuing new equity, and the shares of bank...

We use data on publicly traded U.K. firms to investigate whether financing choices differ systematically with R&D intensity. As well as looking at a balance sheet measure of the debt/assets ratio, we also consider the probability of raising finance by issuing new equity, and the shares of bank...

This paper uses yearly panel data on OECD countries to analyze the relationship between growth and the cyclicality of government debt. We develop new time-varying estimates of the cyclicality of public debt. Our main findings can be summarized as follows: (i) less procyclical public debt growth...

We study the relationship between wages and the number and quality of applicants that a vacancy attracts. Using data from a large US employment website, we show that higher wages attract better applicants. Surprisingly, higher wages are associated with fewer applications, and this is robust to...

The author investigates whether judges deciding on unfair dismissal cases are sensitive to economic conditions faced by workers and firms. Using the 1992 survey of Employment Tribunal Applications in Great Britain and controlling for case selection, she finds that both the unemployment and the...

Many countries are moving from employer-based to universal health coverage, which can generate crowd out. In Mexico, Seguro Popular provides public health coverage to the uninsured. Using the gradual roll-out of the system at the municipality level, we estimate that Seguro Popular had no effect...

The HIV epidemic has dramatically decreased labor supply among prime-age adults in Sub-Saharan Africa. Using within-country variation in regional HIV prevalence and a synthetic panel, I find that HIV significantly increases the capital–labor ratio in urban manufacturing firms. The impact of...

Fixed-term contracts have low firing costs and can thus help low skilled youth find a first job faster. But do these workers get a more rewarding career? Using Spanish social security data, we compare the careers of native male high-school dropouts who entered the labor market just before and...

In the UK, dismissed workers can sue their ex-employers for unfair dismissal. This paper investigates whether judges deciding on such cases are sensitive to economic conditions faced by firms and workers. In bad times, getting fired is more costly for workers, while at the same time firms find...

The author investigates whether judges deciding on unfair dismissal cases are sensitive to economic conditions faced by workers and firms. Using the 1992 survey of Employment Tribunal Applications in Great Britain and controlling for case selection, she finds that both the unemployment and the...