Firms were requested to introduce remote work during the COVID-19 pandemic, but their responses varied. This paper focuses on inter-firm relations, as the costs and benefits of introducing remote work are likely to differ depending on the firms’ relationships with other firms. We combine our...

Widening income inequality is a serious social concern in many countries. We examine the causal effect of a negative demand shock on executive compensation and worker wages using a quasi-natural experiment, considering Japanese firms that experienced a sudden and substantial export decline...