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SUMMARY:The Impact of Restricting Labor Mobility on Corporate Investment a
 nd Entrepreneurship
DTSTART:20171110T140000
DTEND:20171110T153000
DTSTAMP:20260916T052756Z
UID:642de46cf7b1a3c06e5d01602a6dfacbc232f57a6e7ef776a113508b
CATEGORIES:Conferences - Seminars
DESCRIPTION:Jessica JEFFERS (University of Chicago)\nI investigate the imp
 act of restricting labor mobility on two components of growth: entrepreneu
 rship and capital investment. To identify the mechanism\, I combine Linked
 In's database of employment histories with staggered changes in the enforc
 eability of non-compete agreements that come mostly from state supreme cou
 rt rulings. Stronger enforceability leads to a substantial decline in empl
 oyee departures\, especially in knowledge-intensive occupations\, and redu
 ces entrepreneurship in corresponding sectors. However\, these shocks incr
 ease the investment rate at existing knowledge-intensive firms. The estima
 tes in my sample suggest that\, in such sectors\, there is roughly $1.5 mi
 llion of additional capital investment from publicly-held firms for every 
 lost new firm entry.
LOCATION:UNIL\, Extranef\, room 118 https://planete.unil.ch/plan/?local=EX
 T-118.1
STATUS:CONFIRMED
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