We find that investor sentiment should affect a firm's employment policy in a world with moral hazard and noise traders …. Consistent with the model's predictions, we show that higher sentiment among US investors leads to: (1) higher employment growth … worldwide; (2) lower labor productivity, as the growth in employment is not matched by real value added growth; and (3) positive …

Firms adjust their employment to changes in output. But they tend to adjust it only partially. Typically, labor is … constraints increase the sensitivity of employment to fluctuations in output considerably. When output changes, financially …

This paper uses the task-content-of-occupations framework to analyze trends in employment and wages of female and male …: nonroutine cognitive, routine cognitive, nonroutine manual, and routine manual. Decomposing the changes in employment shares into … between-industry changes and within-industry changes across occupational categories reveals that within-industry employment …