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An Economic View of Corporate Social Impact
Allcott, Hunt; Montanari, Giovanni; Ozaltun, Bora; Tan, … - National Bureau of Economic Research - 2023
The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies' social impact. We conceptualize corporate social impact as the welfare loss that would be caused by a firm's exit. To illustrate, we quantify the social impacts of 74 firms in...
Persistent link: https://www.econbiz.de/10014421228
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Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI
Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024
David Ricardo initially believed machinery would help workers but revised his opinion, likely based on the impact of automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real wages for cotton weavers did not rise for decades. As...
Persistent link: https://www.econbiz.de/10014544695
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Automation and Polarization
Acemoglu, Daron; Loebbing, Jonas - National Bureau of Economic Research - 2022
of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further …
Persistent link: https://www.econbiz.de/10013388884
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Minimum Wages and Labor Markets in the Twin Cities
Karabarbounis, Loukas; Lise, Jeremy; Nath, Anusha - National Bureau of Economic Research - 2022
from the rest of the country. The minimum wage did not affect employment in most industries but exerted a negative impact … on restaurants' employment, with an elasticity of -0.8. Next, using variation in exposure to the minimum wage across … establishments and workers within the Twin Cities, we find employment effects that are half as large as those from the time series …
Persistent link: https://www.econbiz.de/10013334456
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Monopsony, Job Tasks, and Labor Market Concentration
Dodini, Samuel; Lovenheim, Michael F.; Salvanes, Kjell G.; … - National Bureau of Economic Research - 2023
This paper extends the literature on monopsony and labor market concentration by taking a task-based approach and estimating the causal effect of concentration in the demand for skills on labor market outcomes. The prior literature has focused on industry and occupation concentration and likely...
Persistent link: https://www.econbiz.de/10013537717
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Preferences, Inequities, and Incentives in the Substitute Teacher Labor Market
Kraft, Matthew A.; Conklin, Megan Lane; Falken, Grace T. - National Bureau of Economic Research - 2022
We examine the labor supply decisions of substitute teachers - a large, on-demand market with broad shortages and inequitable supply. In 2018, Chicago Public Schools implemented a targeted bonus program designed to reduce unfilled teacher absences in largely segregated Black schools with...
Persistent link: https://www.econbiz.de/10013477206
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Missing Workers and Missing Jobs Since the Pandemic
Hobijn, Bart; Şahin, Ayşegül - National Bureau of Economic Research - 2022
.e. payroll employment has fallen more than five million jobs short of its pre-pandemic trend, and missing workers, i.e. the …
Persistent link: https://www.econbiz.de/10013477209
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Experience Rating as an Automatic Stabilizer
Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - National Bureau of Economic Research - 2022
Unemployment insurance taxes are experience-rated to penalize firms that dismiss workers. We examine whether experience rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state using detailed data on state tax schedules, and we...
Persistent link: https://www.econbiz.de/10013462699
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Skills, Majors, and Jobs : Does Higher Education Respond?
Conzelmann, Johnathan G.; Hemelt, Steven W.; Hershbein, Brad - National Bureau of Economic Research - 2023
How do college students and postsecondary institutions react to changes in skill demand in the U.S. labor market? We quantify the magnitude and nature of response in the 4-year sector using a new measure of labor demand at the institution-major level that combines online job ads with geographic...
Persistent link: https://www.econbiz.de/10014337805
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Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data
Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023
-augmenting technologies on occupation-level employment and wage bills. A model featuring labor-saving and labor-augmenting technologies with …
Persistent link: https://www.econbiz.de/10014436977