Polarizing Corporations: Does Talent Flow to "Good" Firms?

Emanuele Colonnelli, Timothy McQuade, Gabriel Ramos, Thomas Rauter and Olivia Xiong

No 31913, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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 sociodemographic groups, with the strongest preference displayed by highly educated, white, and politically liberal individuals. We combine our experimental estimates with matched employer-employee administrative microdata and estimate an equilibrium model of the labor market. Counterfactual analyses suggest ESG practices increase labor market efficiency and worker welfare, while increasing the wage gap between skilled and unskilled workers.

JEL-codes: D2 G0 G3 G4 J0 O10 P0 (search for similar items in EconPapers)
Date: 2023-11
New Economics Papers: this item is included in nep-exp and nep-lab
Note: AP CF DEV LS POL PR
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