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Labor Unions and Product Quality Failures 工会和产品质量问题
Pub Date : 2021-03-18 DOI: 10.1287/mnsc.2021.4082
Omesh Kini, Mo Shen, Jaideep Shenoy, Venkat Subramaniam
In this paper, we study the impact of labor unions on product quality failures. We use a product recall as our measure of quality failure because it is an objective metric that is applicable to a broad cross-section of industries. Our analysis employs a union panel setting and close union elections in a regression discontinuity design framework to overcome identification issues. In the panel regressions, we find that firms that are unionized and those that have higher unionization rates experience a greater frequency of quality failures. The results obtain even at a more granular establishment level in a subsample in which we can identify the manufacturing establishment associated with the recalled product. When comparing firms in close elections, we find that firms with close union wins are followed by significantly worse product quality outcomes than those with close union losses. These results are amplified in non–right-to-work states, where unions have a relatively greater influence on the workforce. We find that unionization increases firms’ costs and operating leverage and, consequently, crowds out investments that potentially impact quality. We also find some suggestive evidence that unions may compromise quality by hurting employee morale and by resisting technological upgrades in the firm. Overall, our results suggest that unions have an adverse impact on product recalls, and thus, product quality is an important dimension along which unions impact businesses. This paper was accepted by Gustavo Manso, finance.
本文研究了工会对产品质量失效的影响。我们使用产品召回作为我们的质量失败的措施,因为它是一个客观的指标,适用于广泛的行业横截面。我们的分析采用回归不连续设计框架中的工会小组设置和紧密工会选举来克服识别问题。在面板回归中,我们发现工会化的公司和工会化率较高的公司质量失败的频率更高。结果甚至在子样本中更细粒度的建立水平上获得,我们可以识别与召回产品相关的制造机构。在比较竞争激烈的企业时,我们发现工会获胜的企业的产品质量结果明显比工会失败的企业差。这些结果在没有工作权的国家被放大,在那里工会对劳动力的影响相对更大。我们发现,工会化增加了公司的成本和经营杠杆,因此,排挤了可能影响质量的投资。我们还发现一些暗示性的证据表明,工会可能会通过损害员工士气和抵制公司的技术升级来损害质量。总体而言,我们的研究结果表明,工会对产品召回有不利影响,因此,产品质量是工会影响企业的一个重要维度。这篇论文被金融学的Gustavo Manso接受。
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引用次数: 5
Contests With Participant-Dependent Prizes 与参与者相关的奖品竞赛
Pub Date : 2021-03-15 DOI: 10.2139/ssrn.3804612
Nicolas de Roos, Alexander Matros, V. Smirnov
We study contests in which the prize depends on the number of participants, and show that equilibrium effort can be increasing, decreasing, or non-monotonic in the number of participants. This contrasts with the standard result for contests with fixed prizes in which effort is decreasing in the number of participants.
我们研究了奖金取决于参与者数量的竞赛,并表明均衡努力可以随着参与者数量的增加、减少或非单调。这与固定奖金比赛的标准结果形成鲜明对比,在固定奖金比赛中,参与者的努力在减少。
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引用次数: 0
The Option Value of Municipal Liquidity: Evidence from Federal Lending Cutoffs during COVID-19 市政流动性的期权价值:来自COVID-19期间联邦贷款中断的证据
Pub Date : 2021-02-16 DOI: 10.2139/ssrn.3785577
A. Haughwout, Benjamin Hyman, Or Shachar
We estimate the option value of municipal liquidity by studying bond market behavior and public sector hiring decisions when government budgets are severely distressed. Using a regression discontinuity (RD) design, we exploit lending eligibility cutoffs introduced by the Federal sector’s Municipal Liquidity Facility (MLF) in April 2020 to study the effect of an emergency liquidity option on yields, primary issuance, credit downgrade probability, and public sector employment. We find that while the announcement of the liquidity option improved overall municipal bond market functioning across the board, low-rated issuers additionally benefited from direct access: low-rated government bonds traded at higher prices and were issued more frequently on private markets with facility access. This suggests the presence of a credit-risk sharing channel on top of the Fed’s role as liquidity-provider of last resort. In contrast to investors, local governments responded to the liquidity option by retaining a greater share of public sector employees across the entire ratings distribution.The results imply municipal debt markets and employment outcomes would likely have been more distressed absent the MLF, and are consistent with the view that large government furloughs might have over-weighted the worst possible outcomes based on past experience.
我们通过研究债券市场行为和政府预算严重困难时公共部门招聘决策来估计市政流动性的期权价值。我们使用回归不连续(RD)设计,利用联邦部门市政流动性工具(MLF)于2020年4月引入的贷款资格截止点,研究紧急流动性选项对收益率、初级发行、信用降级概率和公共部门就业的影响。我们发现,虽然流动性选择权的宣布全面改善了市政债券市场的整体功能,但低评级发行人也从直接渠道中受益:低评级政府债券以更高的价格交易,并且更频繁地在有便利渠道的私人市场上发行。这表明,除了美联储作为最后流动性提供者的角色之外,还存在一个信用风险分担渠道。与投资者形成鲜明对比的是,地方政府对流动性选择的回应是,在整个评级分布中保留了更大比例的公共部门雇员。这一结果暗示,如果没有MLF,市政债券市场和就业结果可能会更加糟糕,并且与以下观点一致:根据过去的经验,大规模政府休假可能会加重最坏的可能结果。
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引用次数: 19
Consuming Contests: Outcome Uncertainty and Spectator Demand for Contest-based Entertainment 消费竞赛:结果不确定性和观众对竞赛娱乐的需求
Pub Date : 2021-02-07 DOI: 10.2139/ssrn.3783339
Patrick J. Ferguson, K. Lakhani
Contests that non-contestants consume for entertainment are a fixture of economic, cultural and political life. We look to professional sports and exploit injury-induced changes to teams' line-ups to examine whether individuals prefer to consume contests that have more uncertain outcomes. Using data from the Australian Football League, we fi nd that a one standard-deviation increase in game outcome uncertainty causes, on average, an 11.2% increase in attendance. Our results extend research on contest design and information preferences by showing that spectators strongly prefer evenly-balanced contests and appear to derive entertainment utility from suspense and the resolution of uncertainty.
非参赛者为娱乐而进行的比赛是经济、文化和政治生活的一部分。我们以职业体育为研究对象,利用伤病引起的球队阵容变化,来检验个人是否更愿意参加结果不确定的比赛。利用澳大利亚足球联赛的数据,我们发现比赛结果不确定性每增加一个标准差,平均上座率就会增加11.2%。我们的研究结果扩展了比赛设计和信息偏好的研究,表明观众强烈倾向于均衡的比赛,并似乎从悬念和不确定性的解决中获得娱乐效用。
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引用次数: 4
A Gap, B Gap, Economic Gap: How Athletic Scholarships Force Student-Athletes into Non-Lucrative Majors 差距,差距,经济差距:体育奖学金如何迫使学生运动员进入不赚钱的专业
Pub Date : 2021-01-27 DOI: 10.2139/ssrn.3774425
Joshua L. Holmes
Athletic scholarships create an economic gap when student-athletes select non-lucrative majors as opposed to lucrative majors. The Article further asserts that student-athletes should either receive the opportunity to select lucrative majors or receive the financial difference. The issue of student-athletes receiving compensation has long been debated by players and the NCAA. The NCAA asserts that they can restrict payments to athletes by arguing that their restraints have procompetitive effects on the sports market. This argument, heard by the Supreme Court over 35 years ago, won the day in NCAA v. Board of Regents. The NCAA argues that the opportunity to obtain a degree makes up for the lack of financial compensation to student-athletes. Despite this opportunity, it begs the question: “What type of degrees do athletes receive?” Countless reasons exist for why student-athletes should receive financial compensation, but another reason includes the fluctuated value of a college degree which creates an economic gap between student-athletes and non-student-athletes.
当学生运动员选择不赚钱的专业而不是赚钱的专业时,体育奖学金就会造成经济差距。文章进一步断言,学生运动员要么获得选择利润丰厚的专业的机会,要么获得经济差额。学生运动员获得补偿的问题长期以来一直受到球员和NCAA的争论。NCAA声称,他们可以限制运动员的报酬,理由是他们的限制对体育市场有促进竞争的作用。这一论点在35年前由最高法院审理,在NCAA诉校董会案中获胜。NCAA认为,获得学位的机会弥补了学生运动员经济补偿的不足。尽管有这样的机会,但它回避了一个问题:“运动员获得了什么样的学位?”学生运动员应该获得经济补偿的原因有很多,但另一个原因包括大学学位价值的波动,这在学生运动员和非学生运动员之间造成了经济差距。
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引用次数: 0
Awards Are Career Catalysts for Young Talents in Highly Competitive Job Markets 在竞争激烈的就业市场中,奖项是年轻人才的职业催化剂
Pub Date : 2021-01-01 DOI: 10.2139/ssrn.3758520
Florian Bünning, H. F. Chan, Sascha L. Schmidt, Dominik Schreyer, B. Torgler
Despite the potential importance of awards as a possible career catalyst, the theoretical and empirical research on awards is still in its infancy. Here, we address this notable shortcoming in the economic literature by exploring data from German youth football. Analyzing whether an early career award, the so-called Fritz Walter Medal, significantly affects the awardee’s career trajectory in a highly competitive environment, where performance differences are often hardly perceivable, we find that receiving an early career award seems, per se, to be a robust positive signal for a player’s future career success. Intriguingly, though, both the award characteristics, that is, whether it is bestowed in gold, silver, or bronze, and also the exact age at which the awardee receives the bestowal only add limited explanatory power.
尽管奖项作为一种可能的职业催化剂具有潜在的重要性,但关于奖项的理论和实证研究仍处于起步阶段。在这里,我们通过探索德国青少年足球的数据来解决经济文献中的这一显着缺陷。分析职业生涯早期奖励,即所谓的弗里茨·沃尔特奖章,是否会在高度竞争的环境中显著影响获奖者的职业轨迹,在这种环境中,表现差异往往难以察觉,我们发现,获得职业生涯早期奖励本身似乎是一个对球员未来职业成功的强有力的积极信号。然而,有趣的是,奖项的特点,即是否授予金、银或铜,以及获奖者接受授予的确切年龄,都只能提供有限的解释力。
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引用次数: 0
Innovation as a Firm-Level Factor of the Gender Wage Gap 创新是影响性别工资差距的企业层面因素
Pub Date : 2020-12-29 DOI: 10.2139/ssrn.3756783
J. Masso, Priit Vahter
PurposeThis paper investigates the relationship of both technological (product and process) and non-technological (organizational and marketing) innovation with the gender wage gap at firms.Design/methodology/approachUsing employer–employee level data from Estonia, the authors estimate Mincerian wage equations, in order to show how innovation at the firm level is associated with the gender wage gap. Next, the authors use propensity score matching (PSM) to study the effects of the movement of men and women into innovative firms, how this shapes the gender wage gap at firms.FindingsThe authors find that both technological and non-technological innovation are associated with a larger gender wage gap at firms. The relationship between innovation and the contemporaneous gender wage gap at firms reflects to a significant extent the different selection of men and women with different time-invariant characteristics to innovative firms. Further, the authors find that movement of men and women to work at innovative firms is in longer term associated with larger gains in wages for men. The authors also observe that the relationship of innovation with gender wage gap is stronger in the case of women with children.Originality/valueMuch of the prior analysis focuses on the effects of technological innovation on gender-related labour market outcomes. The authors show here that the relationship of innovation at firms with higher gender wage gap is not only specific to technological innovation, but is more general, and is observed across different types of innovation indicators, including non-technological innovation. This study's results suggest that the effects of innovation on gender wage gap may reflect to an extent the higher demand for flexibility of employees for work purposes at innovative firms, which may increase the gender wage gap, especially between men and women with children.
目的研究企业性别工资差距对技术(产品和过程)和非技术(组织和营销)创新的影响。设计/方法/方法使用爱沙尼亚雇主-雇员层面的数据,作者估计了明塞里工资方程,以显示企业层面的创新如何与性别工资差距相关联。接下来,作者使用倾向得分匹配(PSM)来研究男性和女性进入创新型企业的影响,以及这如何影响企业中的性别工资差距。研究结果作者发现,技术和非技术创新都与企业中较大的性别工资差距有关。创新与企业同期性别工资差距之间的关系在很大程度上反映了具有不同时不变特征的男性和女性对创新企业的不同选择。此外,作者还发现,从长期来看,在创新型公司工作的男性和女性与男性工资的大幅增长有关。作者还观察到,在有孩子的女性中,创新与性别工资差距的关系更强。独创性/价值先前的许多分析侧重于技术创新对与性别有关的劳动力市场结果的影响。作者在此表明,在性别工资差距较大的企业中,创新的关系不仅是技术创新所特有的,而且更为普遍,并且在不同类型的创新指标中都可以观察到,包括非技术创新。本研究的结果表明,创新对性别工资差距的影响可能在一定程度上反映了创新公司对员工工作目的灵活性的更高要求,这可能会增加性别工资差距,特别是在有孩子的男性和女性之间。
{"title":"Innovation as a Firm-Level Factor of the Gender Wage Gap","authors":"J. Masso, Priit Vahter","doi":"10.2139/ssrn.3756783","DOIUrl":"https://doi.org/10.2139/ssrn.3756783","url":null,"abstract":"PurposeThis paper investigates the relationship of both technological (product and process) and non-technological (organizational and marketing) innovation with the gender wage gap at firms.Design/methodology/approachUsing employer–employee level data from Estonia, the authors estimate Mincerian wage equations, in order to show how innovation at the firm level is associated with the gender wage gap. Next, the authors use propensity score matching (PSM) to study the effects of the movement of men and women into innovative firms, how this shapes the gender wage gap at firms.FindingsThe authors find that both technological and non-technological innovation are associated with a larger gender wage gap at firms. The relationship between innovation and the contemporaneous gender wage gap at firms reflects to a significant extent the different selection of men and women with different time-invariant characteristics to innovative firms. Further, the authors find that movement of men and women to work at innovative firms is in longer term associated with larger gains in wages for men. The authors also observe that the relationship of innovation with gender wage gap is stronger in the case of women with children.Originality/valueMuch of the prior analysis focuses on the effects of technological innovation on gender-related labour market outcomes. The authors show here that the relationship of innovation at firms with higher gender wage gap is not only specific to technological innovation, but is more general, and is observed across different types of innovation indicators, including non-technological innovation. This study's results suggest that the effects of innovation on gender wage gap may reflect to an extent the higher demand for flexibility of employees for work purposes at innovative firms, which may increase the gender wage gap, especially between men and women with children.","PeriodicalId":198334,"journal":{"name":"Labor: Personnel Economics eJournal","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124543631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Internet Appendix for CEO Employee Approval and Firm Value: Evidence From Employees' Choice Awards CEO员工认可与企业价值:来自员工选择奖的证据
Pub Date : 2020-12-29 DOI: 10.2139/ssrn.3545503
Spencer Barnes
This file provides additional robustness checks for CEO Employee Approval and Firm Value: Evidence from Employees' Choice Awards. Section one describes sample construction for samples not in the data section of the paper. Section two provides the results of the additional tests. Section three includes the figures and tables for the internet appendix.
该文件为CEO员工认可和公司价值:来自员工选择奖的证据提供了额外的稳健性检查。第一部分描述了本文数据部分以外样本的样本构造。第二节提供了额外测试的结果。第三部分包括互联网附录的图表。
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引用次数: 0
Weekend Work and Work-Family Conflict: Evidence from Australian Panel Data 周末工作与工作-家庭冲突:来自澳大利亚面板数据的证据
Pub Date : 2020-11-25 DOI: 10.2139/ssrn.3737254
Inga Laß, M. Wooden
Objective: This paper investigates whether weekend work is associated with higher levels of work-family conflict (WFC) among parents, and whether resources like schedule control or presence of a partner mitigate this effect.

Background: The 24/7 economy requires many workers to work on weekends. Nevertheless, research on the impact of weekend work on families, and on WFC in particular, is underdeveloped, with previous studies relying on cross-sectional data and small samples.

Method: Associations between regular weekend work and a measure of WFC are examined using data from fourteen waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The sample is restricted to workers aged 18 to 64 years with parenting responsibilities for children aged 17 or less (7,753 individuals, 40,216 observations). Both pooled ordinary least squares and fixed-effects regression models are estimated.

Results: Among both genders, weekend workers have significantly higher levels of WFC than those who only work weekdays. WFC is particularly high for those who work weekends and simultaneously have little control over their schedule. And whereas WFC is generally higher for single parents, weekend work affects WFC similarly for couple and single parents.
Conclusion: Weekend work generally has a detrimental effect on workers’ ability to combine employment with parenting commitments. However, work-domain resources like schedule control can buffer the impact of weekend work.
目的:研究周末工作是否与父母之间的工作家庭冲突(WFC)水平升高有关,以及日程控制或伴侣在场等资源是否减轻了这种影响。背景:24/7的经济需要许多工人在周末工作。然而,关于周末工作对家庭的影响,特别是对工作压力的影响的研究并不发达,以往的研究依赖于横截面数据和小样本。方法:利用澳大利亚家庭、收入和劳动力动态(HILDA)调查的14波数据,研究了定期周末工作与WFC测量之间的联系。样本仅限于年龄在18至64岁之间、有抚养17岁或以下儿童责任的工人(7,753人,40,216次观察)。对混合普通最小二乘和固定效应回归模型进行了估计。结果:在两性中,周末工作者的WFC水平显著高于只在工作日工作的人。对于那些周末工作,同时对自己的时间表几乎没有控制权的人来说,WFC尤其高。虽然单亲父母的WFC通常更高,但周末工作对夫妻和单亲父母的WFC影响相似。结论:周末工作通常对工人将工作与养育义务结合起来的能力产生不利影响。然而,像日程控制这样的工作域资源可以缓冲周末工作的影响。
{"title":"Weekend Work and Work-Family Conflict: Evidence from Australian Panel Data","authors":"Inga Laß, M. Wooden","doi":"10.2139/ssrn.3737254","DOIUrl":"https://doi.org/10.2139/ssrn.3737254","url":null,"abstract":"Objective: This paper investigates whether weekend work is associated with higher levels of work-family conflict (WFC) among parents, and whether resources like schedule control or presence of a partner mitigate this effect.<br><br>Background: The 24/7 economy requires many workers to work on weekends. Nevertheless, research on the impact of weekend work on families, and on WFC in particular, is underdeveloped, with previous studies relying on cross-sectional data and small samples.<br><br>Method: Associations between regular weekend work and a measure of WFC are examined using data from fourteen waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The sample is restricted to workers aged 18 to 64 years with parenting responsibilities for children aged 17 or less (7,753 individuals, 40,216 observations). Both pooled ordinary least squares and fixed-effects regression models are estimated.<br><br>Results: Among both genders, weekend workers have significantly higher levels of WFC than those who only work weekdays. WFC is particularly high for those who work weekends and simultaneously have little control over their schedule. And whereas WFC is generally higher for single parents, weekend work affects WFC similarly for couple and single parents.<br> Conclusion: Weekend work generally has a detrimental effect on workers’ ability to combine employment with parenting commitments. However, work-domain resources like schedule control can buffer the impact of weekend work.<br>","PeriodicalId":198334,"journal":{"name":"Labor: Personnel Economics eJournal","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122998656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Labor Unions and Product Quality: A Case Study of the U.S. Airline Industry 工会与产品质量:以美国航空业为例
Pub Date : 2020-11-20 DOI: 10.2139/ssrn.3734055
Q. Ge, Donggeun Kim, Myongjin Kim
This paper examines the impact of labor unions on firms' quality provisions through the lens of the U.S. airline industry. Leveraging quarterly carrier-route level data on flight frequencies and on-time performance from the Bureau of Transportation Statistics from 1993 to 2019, our difference-in-differences estimates suggest that for both legacy carriers and low cost carriers, union representation is associated with a significant deterioration of product quality across different dimensions of airline quality provisions. By providing systematic product-level evidence of the product quality impact of unionization between carriers of different types, our study contributes to the understanding of airline labor unions and offers important management and policy implications.
本文以美国航空业为研究对象,考察工会对企业质量条款的影响。利用美国运输统计局(Bureau of Transportation Statistics) 1993年至2019年的季度航班频率和准点率数据,我们的差异中之差估计表明,对于传统航空公司和低成本航空公司来说,工会代表与航空公司质量规定不同维度的产品质量显著恶化有关。通过对不同类型航空公司工会化对产品质量的影响提供系统的产品层面的证据,我们的研究有助于了解航空公司工会,并提供重要的管理和政策启示。
{"title":"Labor Unions and Product Quality: A Case Study of the U.S. Airline Industry","authors":"Q. Ge, Donggeun Kim, Myongjin Kim","doi":"10.2139/ssrn.3734055","DOIUrl":"https://doi.org/10.2139/ssrn.3734055","url":null,"abstract":"This paper examines the impact of labor unions on firms' quality provisions through the lens of the U.S. airline industry. Leveraging quarterly carrier-route level data on flight frequencies and on-time performance from the Bureau of Transportation Statistics from 1993 to 2019, our difference-in-differences estimates suggest that for both legacy carriers and low cost carriers, union representation is associated with a significant deterioration of product quality across different dimensions of airline quality provisions. By providing systematic product-level evidence of the product quality impact of unionization between carriers of different types, our study contributes to the understanding of airline labor unions and offers important management and policy implications.","PeriodicalId":198334,"journal":{"name":"Labor: Personnel Economics eJournal","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124569041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
期刊
Labor: Personnel Economics eJournal
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