This paper assesses the relative importance of perceived obstacles to hiring workers on a permanent basis faced by EU … firms and studies how they depend on firm’s characteristics. Findings suggest that the main obstacles to hiring in Europe … hiring, labour market structures and firms’/employees’ characteristics are also found significant. In particular, our …

’ relative bargaining power. Product market frictions decrease the steady state equilibrium, improve the cyclical properties of … the model and provide a more realistic picture of firms’ business environment. This suggests that product market frictions … rigidities are negligible relative to welfare costs of frictions. …

on account-specific interest rates and characteristics. We document heterogeneity in returns across households, which can … one channel through which financial literacy has a positive association with returns …

Does leverage drive investor flows in bond mutual funds? Leverage can increase fund returns in good times, but it can …

, but firm-specific news keep being priced less, leading to increased comovement of stock returns with the national stock …

between the price dividend ratio, expected stock returns and expected dividend growth in the US since 1880. We find a …