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likely to discuss labor shortage. Once they do, their current hiring and future investment rate drop, leverage and book to …In this paper, I examine how labor shortage affects hiring-return relationship. I construct firm-year level measure of … labor shortage using textual analysis of firms' SEC fillings. I show that the negative relationship between firm's hiring …
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In this paper, we provide a comprehensive overview of labour market dynamics in Western Ger- many by looking at gross worker flows. To do so, we use a subsample of the registry data collected by the German social security system, the IAB employment sample, for the time period 1975-2001. The...
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