“Ranking Japanese Firms Using Revealed Preference” by Kensuke Sawada (Waseda University) and “Imperfect Information and Strategy in High School Choice” by Akseli Palomäki (Columbia University) on August 8th at 15:00-

Dear all,

We are happy to announce that the upcoming Personnel Economics Workshop will be held on Saturday, August 8th.

Date: August 8th (Sat.), 15:00 — 17:45

Venue:  Room 702 in Building 3, Waseda Campus, Waseda University
*The elevator in Building 3 does not stop at the 7th floor, so please use the escalator.

Format: Hybrid
We are planning to have dinner after the workshop.
Please fill in the following form by Monday, August 3rd, if you would like to participate.
https://forms.gle/eyf3huVStkEVKJSUA

Please register the following Zoom link for participants online.
https://list-waseda-jp.zoom.us/meeting/register/bY4idDGuRou_Vbvd00tp5Q

1st Session: 

Speaker: Kensuke Sawada (Waseda University)

Title:  Ranking Japanese Firms Using Revealed Preference

Abstract:
We construct the first revealed-preference ranking of Japanese firms, recovering each firm’s value, following Sorkin (2018), as the dominant eigenvector of the employer-to-employer mobility network in LinkedIn career histories (18,364 firms). Estimated value rises with pay (rank correlation 0.52) but is uncorrelated with firm size. Linked to OpenWork employee reviews, the ranking reflects non-pay amenities over and above pay. Separating the rating subscales into non-wage relational and growth amenities versus monetary and stability amenities, value tracks the former (0.29) but is orthogonal to the latter (0.06). The strongest correlate of value is firm age. The most desirable firms are young (median age nine versus forty-six), and the firms that score highest on long-term development of employees, the hallmark of the traditional Japanese model of lifetime employment, are the ones workers leave, even conditional on age, pay, and size.

Language: English

Time: 15:00 ~ 16:00

2nd Session

Speaker: Akseli Palomäki (Columbia University)

Title:  Imperfect Information and Strategy in High School Choice

Abstract:
TBA

Language: English

Time: 16:15 ~ 17:45

Please check the website of the Personnel Economics Workshop below for the upcoming workshops.
https://sites.google.com/view/peworkshop/home

If you have any questions, please contact the Owan lab, Waseda University, at [email protected]

Best regards,

Hibiki