Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 9th June 2024, 07:48:55am EDT
Session Chair: Pedro Matos, University of Virginia Darden School of Business Discussant: Johannes Klausmann, University of Virginia
Location:Room 1203
Presentations
Polarizing Corporations: Does Talent Flow to "Good" Firms?
Emanuele Colonnelli1, Tim McQuade2, Gabriel Ramos3, Thomas Rauter1, Olivia Xiong1
1University of Chicago Booth School of Business; 2University of California Berkeley; 3Imperial College London
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.