汉青论坛第307期:10月14日施新政副教授
(汉青经济与金融高级研究院发布于:2020-10-13 15:06:01)

汉青论坛第307期:10月14日施新政副教授

本期主题: How Does Improvement in Commuting Affect Employees? Evidence from a Natural Experiment  

摘要:

We collect rich worker month-level administrative panel data from two companies for a two-year period prior to and after the opening of a nearby subway station, which significantly improved public transportation commutes for a subset of workers. Consistent with a simple principal-agent model where improvement in commute reduces the cost of effort for workers, we find a significant difference-in-differences (DID) increase (12.6% of the standard deviation) in bonus pay (which is strongly correlated to worker-level performance measures) for affected workers relative to coworkers not impacted by the subway. The bonus increase is larger for workers with more variance in performance measures (marketing personnel and non-managers), is positively correlated with commute time saved, and lower for workers with access to technology that facilitated telecommuting. We do not find that improved performance is simply a result of affected workers spending extra time at the workplace. Additionally, we find a significant relative decline in monthly exit hazard (by about 50%) for affected workers, and evidence for higher quality (conditional on wages) of new hires from affected areas. Supplementary event study analysis using a large sample of subway construction commencements suggests that shareholder value is also positively impacted by access to a nearby subway.

 

报告人:施新政副教授, 清华大学经济管理学院

时间:10月14日(周三) 12:15

地点:明德主楼515教师交流室

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报告人简介:

施新政, 清华大学经管学院经济系副教授(长聘),2000年获北京大学国际政治专业法学学士学位(经济学双学位),2003年获北京大学经济学硕士学位,2009年获密歇根大学经济学博士学位。主要讲授的本科课程:计量经济学,中级微观经济学,发展经济学;主要讲授的研究生课程:发展经济学。主要研究领域为发展经济学、劳动经济学、公共经济学。曾在Review of Economics and Statistics, Journal of Development Economics, Journal of Environmental Economics and Management, Economic Development and Cultural Change, Journal of Comparative Economics, American Economic Review (P&P),经济研究,管理世界,经济学(季刊),金融研究等国内外学术期刊上发表学术论文。


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