Finance Economics and Econometrics Lab

Seminar Series

2021 - 2022


 

Speaker: Philipp Kruger (U of Geneva).

Title: “The Sustainability Wage Gap”

joint with Daniel Metzger (Rotterdam School of Management) and Jianxin Wu (Stockholm School of Economics).

Date: Thursday, June 2nd at 12h30 (Paris Time).

Abstract: Using administrative employer-employee matched data, we provide evidence that workers earn about 9 percent lower wages in firms that operate in more sustainable sectors. We hypothesize that this Sustainability Wage Gap arises because workers with preferences for sustainability accept lower wages to work in more environmentally sustainable firms. Moreover, we find that this gap is larger for high-skilled workers and increasing over time. We also document that more sustainable firms are better able to retain high-skilled workers. Using a battery of additional tests, we argue that our results are difficult to reconcile with many alternative interpretations suggested in prior research.  

Bio: Here is a link to the speaker’s website

https://sites.google.com/site/philippkrueger/

You are cordially invited to participate to the seminar, which will take place in Room 104, Bosco building. For those who will not be in the room, please find the zoom link below:

https://tbs-education-fr.zoom.us/j/89996240399?pwd=VXpzeXZzQm5yMVMreTdWSjRxVklEdz09

For more information, please contact: Pierre Mella-Barral p.mella-barral@tbs-education.fr