Brent R. Hickman
Olin Business School
Washington University in Saint Louis
One Brookings Drive, Campus Box #1133
Saint Louis, MO 63130
Institutional Affiliation: Washington University in Saint Louis
NBER Working Papers and Publications
|September 2019||Toward an Understanding of Corporate Social Responsibility: Theory and Field Experimental Evidence|
with Daniel Hedblom, John A. List: w26222
We develop theory and a tightly-linked field experiment to explore the supply side implications of corporate social responsibility (CSR). Our natural field experiment, in which we created our own firm and hired actual workers, generates a rich data set on worker behavior and responses to both pecuniary and CSR incentives. Making use of a novel identification framework, we use these data to estimate a structural principal-agent model. This approach permits us to compare and contrast treatment and selection effects of both CSR and financial incentives. Using data from more than 1100 job seekers, we find strong evidence that when a firm advertises work as socially-oriented, it attracts employees who are more productive, produce higher quality work, and have more highly valued leisure time. In...
|August 2014||Affirmative Action and Human Capital Investment: Evidence from a Randomized Field Experiment|
with Christopher Cotton, Joseph P. Price: w20397
Pre-College human capital investment occurs within a competitive environment and depends on market incentives created by Affirmative Action (AA) in college admissions. These policies affect mechanisms for rank-order allocation of college seats, and alter the relative competition between blacks and whites. We present a theory of AA in university admissions, showing how the effects of AA on human capital investment differ by student ability and demographic group. We then conduct a field experiment designed to mimic important aspects of competitive investment prior to the college market. We pay students based on relative performance on a mathematics exam in order to test the incentive effects of AA, and track study efforts on an online mathematics website. Consistent with theory, AA increases...