Nea Leinonen

I am a PhD candidate at the University of Helsinki. I am on the job market in 2026-2027.

My research interests lie mainly in macroeconomics, especially firm dynamics. My secondary interests is the labor market. 

Job Market Paper: Labor Market Compliance Cost and Firm Dynamics 

"Furloughs are a voluntary labor market policy that firms find confusing. If experience makes furloughs easier to use, furlough use should be concentrated across firms and persistent within them. Using comprehensive Finnish employer-employee register data, I document both patterns: most firms never furlough workers (64\%), and past furlough use predicts future use (an annual furlough probability of 43\% vs.\ 7\%). I develop a firm dynamics model with furlough experience and use it to quantify the effects of furlough experience on firm dynamics. I calibrate the model to the Finnish data and find that the experience channel explains the persistence and much of the concentration. Holding the share of furloughing firms fixed, I shut down the furlough experience channel. Furloughs are more evenly distributed across firms and labor is allocated slightly more efficiently, but welfare barely changes: experience determines which firms furlough, not how much the economy gains from furloughs."