Calendrier du 16 juin 2023
Casual Friday Development Seminar - Brown Bag Seminar
Du 16/06/2023 de 12:30 à 13:30
R1-15
DESTEFANIS Alessia(PSE)
SCARELLI Thiago(PSE)
Treatment Effect Heterogeneity over the Outcome Distribution
écrit avec Anne-Celia Disdier (PSE, INRAE) and Fabrice Etilé (PSE, INRAE)
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Du 16/06/2023 de 12:30 à 13:30
DESTEFANIS Alessia(PSE)
SCARELLI Thiago(PSE)
Treatment Effect Heterogeneity over the Outcome Distribution
écrit avec Anne-Celia Disdier (PSE, INRAE) and Fabrice Etilé (PSE, INRAE)
EPCI (Economie politique du changement institutionnel) Seminar
Du 16/06/2023 de 11:00 à 12:30
MSE(106, Blv de l'Hôpital, salle du 6ème étage) 75013 Paris
DARCILLON Thibault (LED, Université Paris 8 Vincennes-St Denis)
Workers’ bargaining power, job quality, and institutional investors: evidence from 20 OECD countries, 1980-2017
This article investigates the relationship between the share of assets held by different institutional investors as a share of GDP and a synthetic index of job quality in 19 OECD countries from 1990 to 2017. Our first contribution is to provide a new multidimensional composite indicator of job quality based only on objective dimensions. According to this measure, a continuous decline in job quality has been observed in many OECD countries. Second, the emergence of institutional investors as new central financial actors since the 1980s have significantly affected labour relations. To this regard, we argue that the increasing influence of institutional investors through their effects on wages and jobs has contributed to changes in job quality. Using fixed effects OLS regressions, we find some evidence of our main prediction : the share of holdings of assets by institutional investors, especially pension funds, is found to be correlated with a decline in job quality. Finally, we find some evidence for a complementarity effect between unions' bargaining power and job quality: the reducing-effect of the share of assets held by institutional investors is more pronounced in countries which have experienced a decline in unions' bargaining power