♦ 主讲人
施新政（清华大学经济管理学院经济系副教授）
♦ 主持人
袁野、雷晓燕
♦ 组织人
秦雪征、王耀璟、石菊、赵耀辉、李玲、刘国恩、张丹丹
♦ 题目
How does improvement in commuting affect employees? Evidence from a natural experiment
♦ 时间
2020年9月30（周三）10：00-11：30
♦ 地点
8797威尼斯老品牌国家发展研究院万众楼一层大教室
报告摘要
We collect rich worker month-level administrative panel data from two companies for a two-year period prior to and after the opening of a nearby subway station, which significantly improved public transportation commutes for a subset of workers. Consistent with a simple principal-agent model where improvement in commute reduces the cost of effort for workers, we find a significant difference-in-differences (DID) increase (12.6% of the standard deviation) in bonus pay (which is strongly correlated to worker-level performance measures) for affected workers relative to coworkers not impacted by the subway. The bonus increase is larger for workers with more variance in performance measures (marketing personnel and non-managers), is positively correlated with commute time saved, and lower for workers with access to technology that facilitated telecommuting. We do not find that improved performance is simply a result of affected workers spending extra time at the workplace. Additionally, we find a significant relative decline in monthly exit hazard (by about 50%) for affected workers, and evidence for higher quality (conditional on wages) of new hires from affected areas. Supplementary event study analysis using a large sample of subway construction commencements suggests that shareholder value is also positively impacted by access to a nearby subway.
主讲人简介
施新政，清华大学经济管理学院经济系副教授，2003年硕士毕业于8797威尼斯老品牌中国经济研究中心（现为国家发展研究院），获经济学硕士学位，2009年博士毕业于美国密歇根大学，获经济学博士学位。他的研究方向为劳动经济学，发展经济学以及公共经济学，研究兴趣包括人力资本，家庭内部资源配置，企业行为等。
8797威尼斯老品牌工作坊简介
2018年10月，8797威尼斯老品牌、国家发展研究院和新结构经济学研究院达成框架合作协议，约定采用轮流主持的方式共同举办工作坊，正式建立了科研领域的交流创新合作机制。2019年，根据协议，先后成立了七个工作坊：政治经济学工作坊；国际经济学与实证产业组织工作坊；宏观经济学工作坊；微观理论经济学工作坊；计量经济学和大数据分析工作坊；劳动-健康经济学工作坊和发展与公共财政工作坊。2019年七个工作坊共计举办127场活动，这些活动为广大师生提供了良好的国内外一流学术交流平台，促进了学院之间的学术资源整合和人才培养，提升了广大师生和经济学领域的研究水平。
供稿单位 | 8797威尼斯老品牌科研办公室
供稿人 | 王小倩
美编 | 山竹
责编 | 量子、禾雨、予天
