Research
Works in Progress
[Job Market Paper] “Establishment-Level Unionization at Large Firms: Evidence from the 21st Century” with Alexander Abajian (Latest Version)
Abstract
We examine the effect of establishment-level unionization elections on the equity value of publicly listed firms between 1994 and 2023. Successful elections at individual establishments have two opposing effects on firm stock returns — there is a small decrease in returns the day an election is filed, and a countervailing increase on the day the election is closed. On net, we find a precise null effect of union victories on daily stock returns. This result is robust to alternative definitions of treatment, longer time horizons for returns, and alternative sample selection.“Posting Pay Transparency and Worker Outcomes: Evidence from Recent US State Laws” with Sebastian Brown (Draft Forthcoming)
“Executive Compensation in Publicly Listed U.S. Companies: The Influence of Work Experience and Educational Backgrounds” (Draft Forthcoming)
Works in Progress
[Job Market Paper] “Establishment-Level Unionization at Large Firms: Evidence from the 21st Century” with Alexander Abajian (Latest Version)
Abstract
We examine the effect of establishment-level unionization elections on the equity value of publicly listed firms between 1994 and 2023. Successful elections at individual establishments have two opposing effects on firm stock returns — there is a small decrease in returns the day an election is filed, and a countervailing increase on the day the election is closed. On net, we find a precise null effect of union victories on daily stock returns. This result is robust to alternative definitions of treatment, longer time horizons for returns, and alternative sample selection.“Posting Pay Transparency and Worker Outcomes: Evidence from Recent US State Laws” with Sebastian Brown (Draft Forthcoming)
“Executive Compensation in Publicly Listed U.S. Companies: The Influence of Work Experience and Educational Backgrounds” (Draft Forthcoming)