Financing Labor * Financing Labor

  • Efraim Benmelech, Nittai K. Bergman, +19 authors Toni Whited
  • Published 2015

Abstract

Financial market imperfections can have significant impact on employment decisions of firms. We illustrate the economic importance of this channel by showing that employment decisions are constrained by firms’ financial health and liquidity. Our main analysis uses a collage of three ‘quasiexperiments’ to trace the effects of finance on employment. The… (More)

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