Courses
Courses Courses are organised in coordination with partner institutions within the...
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Student assistant (f/m/x) for 24 hours a month (Macroeconomics)
Vacancy Student assistant (f/m/x) for 24 hours a month (Macroeconomics)...
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IWH Bankruptcy Research
IWH Bankruptcy Research The Bankruptcy Research Unit of the Halle Institute for...
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Student assistant (f/m/x) for 20 hours per week (Structural Change and Productivity)
Job Vacancy Student assistant (f/m/x) for 20 hours per week (Structural...
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Student assistant (f/m/x) for 8-10 hours per week (Structural Change and Productivity)
Job Vacancy Student assistant (f/m/x) for 8-10 hours per week...
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The Impact of Lowering Carbon Emissions on Corporate Labour Investment: A Quasi-Natural Experiment
June Cao, Iftekhar Hasan, Wenwen Li
Energy Economics,
May
2023
Abstract
We examine the impact of low-carbon city (LCC) initiatives on labour investment decisions (quantity, quality, and well-being). Using a time-varying difference-in-differences approach based on staggered implementations of such a pilot program, we report an inefficient outcome - absolute deviation of labour investment from the optimal net hiring – especially for firms in labour-intensive industries and firms with high financial slack or adjustment costs. We, however, observe increased investments in highly skilled personnel and compensated with employee stock ownership, especially by firms under intense pressure to reduce carbon emissions. Such initiatives are also closely associated with the significant enhancement of workplace safety. Overall, LCC helps to upgrade the corporate labour structure by hiring more skilled employees through reduced agency problems and heightened green innovation.
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IWH Doctoral Programme in Economics
Why Doctoral Studies at IWH? ...
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Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one...
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Student assistant (f/m/x) for 40‒60 hours a month (Financial Markets)
Vacancy Student assistant (f/m/x) for 40‒60 hours a month ...
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Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one...
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