1 option
Polarizing Corporations: Does Talent Flow to "Good" Firms? / Emanuele Colonnelli, Timothy McQuade, Gabriel Ramos, Thomas Rauter, Olivia Xiong.
- Format:
- Book
- Author/Creator:
- Colonnelli, Emanuele.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31913.
- NBER working paper series no. w31913
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- We conduct a field experiment in partnership with the largest job platform in Brazil to study how environmental, social, and governance (ESG) practices of firms affect talent allocation. We find both an average job-seeker's preference for ESG and a large degree of heterogeneity across socioeconomic groups, with the strongest preference displayed by highly educated, white, and politically liberal individuals. We combine our experimental estimates with administrative matched employer-employee microdata and estimate an equilibrium model of the labor market. Counterfactual analyses suggest ESG practices increase total economic output and worker welfare, while increasing the wage gap between skilled and unskilled workers.
- Notes:
- Print version record
- November 2023.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.