Simone Nobili

1/ #WorkingPaper Alert 🚨 "Skill-Biased Remote Work and Incentives" – joint with @cerfaust and Luca G. Deidda. We document: ✔ the rise in remote work & performance pay, ✔ their complementarity ✔ and skill-biased nature. 🧵👇

@cerfaust 📄 Full manuscript: bit.ly/41jHW8P Looking forward to feedback and discussions! #RemoteWork #Incentives #PerformancePay #Monitoring #Skills #Incentives #Economics

1/ #WorkingPaper Alert 🚨 "Skill-Biased Remote Work and Incentives" – joint with @cerfaust and Luca G. Deidda. We document: ✔ the rise in remote work & performance pay, ✔ their complementarity ✔ and skill-biased nature. 🧵👇

@cerfaust 6/ 🔎 Our findings suggest that pandemic policies and regulations influenced the adoption and persistence of remote work and performance pay + implications for workers' health could be substantial.

@cerfaust 5/ We test such a prediction by exploiting the temporal variation in legislation in New York State, using a Difference-in-Differences approach and find strong and robust support

@cerfaust 4/ Remote work is persistent: post-pandemic, the firm always sticks to remote work for workers whose skills are so high that performance pay is the best option and switches to office only for less-skilled workers if remote monitoring is not sufficiently effective

@cerfaust 3/ Performance pay becomes more popular when the worker goes remote with the pandemic because remote monitoring is less effective than office monitoring

@cerfaust 2/ We propose a theory, based on moral hazard and information asymmetries, consistent with such evidence. Performance pay is skill-biased as, under risk aversion, the incentive-compatible premium falls with worker’s skills

Pretty striking findings! parisschoolofeconomics.eu/app/uploads/20…

There is so much satisfaction after this amazing 2024 edition of SASCA, the annual @unissTweet and @CaFoscari PhD students’ conference! #phdeconomics #econtwitter #cafoscari #sassari #economics #IDoLoveEconomics

Italieni. Il monologo del Pojana di Andrea Pennacchi sullo Ius Scholae #propagandalive @Pennacchiiiii la7.it/propagandalive…

Cagliari Macro Dinner 😋🍻

Policymakers alert: #PublicEmployment benefits disadvantaged groups and regions, reduces short-term unemployment, and stimulates private sector demand. However, beware of rigid public wage-setting: it can lead to crowding out private employment and increasing inequality.

We had amazing presentations and incredibly good times in Cagliari at @univca for the @cepr_org X Workshop on Structural Transformation and Macroeconomic Dynamics! Thanks to all the participants, come back soon @bobnic72 @EugeGonzAguado @GeorgDuernecker @daniel_m_sturm

Take a look at @Elisa_Dienesch explaining our award winning paper #SpatialPolarisation. It was great to be in Belfast to receive the #Resprize! Thank you @EJ_RES @RoyalEconSoc @AlessioMoro78 and Michelle Rendall

The Economics Dept @univca is hiring a 1-year post-doc! Apply by April 11, 2024 to work with me, @giovanni_sulis, @d_sonedda, Rinaldo Brau, while enjoying our beautiful city. Formal call in the thread. #labormobility #health #jobquality

An important new paper in the Proceeding of the National Academy of Sciences. dropbox.com/scl/fi/hvnu4vs… This calculates the impact of WFH frequency from 0 to 5 days a week on carbon emissions. It combines commuting, non-commuting travel (e.g. driving to buy lunch if you WFH), office energy, home energy and ICT energy. It finds moving to 2 days a week reduces carbon use by 11%, 4 days by 29% and 5 days a week by a staggering 58%. This mainly from by less commuting and closing offices. We know commuting is energy intensive, but only after reading this did I realize offices are also huge energy users. For firms this highlights how a supportive WFH policy can deliver progress on climate objectives. Indeed, these effects are so large that WFH policies are likely to be one of the most powerful tools for companies trying to reduce their carbon footprint.

Another successful edition of the SasCa already ended @unissTweet @DipEcoUnive 💪🏼 Many thanks to you @julian_schaerer for the inspiring talk. Till next year!