Recent studies attribute the rise in wage inequality primarily to widening pay disparities
between rather than within firms. I develop a novel theory to quantitatively explain this fact …

Vacancies are the key equilibrium margin in canonical theories of unemployment,
describing employers' job creation. The point of this paper is that vacancies can also arise …

Recent studies attribute the rise in wage inequality primarily to widening pay disparities
between rather than within firms. I develop a novel theory to quantitatively explain this fact …

Job levels summarize the complexity, autonomy, and responsibility of task execution.
Conceptually, job levels are related to the organization of production, are distinct from …

Although constraints on hours worked at the firm-level are viewed as an important
determinant of firm wages, little direct evidence exists to support this view. In this paper, we …

Better financial support from state shareholders may enhance corporate resilience when
facing large negative shocks. We empirically test this hypothesis based on data of listed …

I study how firms' labor hoarding, driven by their reliance on firm-specific human capital,
affects their hedging of other business risks. Leveraging German administrative data on …

This dissertation examines various aspects of the macroeconomics of labor markets.
Chapter 1 develops a frictional labor market model that incorporates worker vacating, ie …

The quantitative HANK model, incorporating the coordination of hours worked in production,
yields an improved empirical fit along two dimensions: a more concentrated steady-state …

This paper uses millions of task assignments across hundreds of hair salons from
management software to study the connection between task assignment within the …