Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms

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Opening the Black Box of the Matching Function: The Power of Words (2020, background): “Recent evidence from employment websites indicates that, typically, only a small fraction of job ads specifies a wage (see e.g. Kuhn & Shen, 2012; Brencic, 2012; Brown & Matsa, 2014).”
The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity (2018, unknown): “5 Agrawal and Matsa (2013) and Brown and Matsa (2013) provide evidence supporting this idea.”
Labor Unemployment Risk and Corporate Financing Decisions (2013, unknown): “Workers’ concerns about becoming unemployed reduce their labor supply (Brown and Matsa, 2012) and affect firms’ policies on layoffs and wage setting, even when they are far from bankruptcy (Topel, 1983, 1984; Li, 1986; and Hamermesh, and Wolfe 1990).”
Cash holdings and labor heterogeneity:the role of skilled labor (2017, unknown): “This argument is broadly consistent with Baghai et al. (2015) and Brown and Matsa (2016), who report that firms should adopt conservative financial policies to reduce the probability of distress as well as the labor-related costs of retaining and recruiting high-quality employees in distressed…”