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Seminar in Economics | Are Executives in Short Supply? Evidence from Death Events with Fabiano Schivardi, LUISS

Department of Economics welcomes you to a webinar with Fabiano Schivardi, LUISS, presenting "Are Executives in Short Supply? Evidence from Death Events". Using administrative data on Italian social security records, we construct measures of local labor market tightness for executives that vary by industry and location. We then show that firm performance is negatively affected by executive death.

Department of Economics welcomes you to a webinar titled "Are Executives in Short Supply? Evidence from Death Events" with Fabiano Schivardi, LUISS.

Abstract

Using exhaustive administrative data on Italian social security records, we construct measures of local labor market tightness for executives that vary by industry and location. We then show that firm performance is negatively affected by executive death, but only in thin local labor markets. Death events are followed by an increase in the separation rate for the other executives, in particular for those with a college degree. Consistent with the hypothesis that the drop in performance is due to executive short supply, we find that after a death event executive wages in other firms increase, but only in thin markets.

Welcome to this Seminar in Economics organised by the Department of Economics, SSE. The seminar speaker is Fabiano Schivardi, LUISS, Rome.

Fabiano Schivardi is Professor of Economics and Vice-rector for Research, Libera Università Internazionale degli Studi Sociali Guido Carli (LUISS). His research interests include: Industrial Organization, Applied Micro and Entrepreneurship.

This webinar will take place on Zoom. Please contact kristen.pendleton@hhs.se if you would like to participate or have questions.

Dept. of Economics Economics Seminar Seminar in economics

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