Tsz Chun Kwok
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tckwok.bsky.social
Tsz Chun Kwok
@tckwok.bsky.social
15 followers 20 following 7 posts
PhD candidate at Uppsala University
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Reposted by Tsz Chun Kwok
nber.org
Providing a theoretical foundation for why firms with many small shareholders pollute less and why more equal ownership usually, but not always, reduces pollution, from Tsz Chun Kwok, @danielspiro.bsky.social, and Arthur A. van Benthem https://www.nber.org/papers/w34203
September 9, 2025 at 7:00 PM
tckwok.bsky.social
🚨NEW working paper! In our new research, @danielspiro.bsky.social, Arthur van Benthem and I study how ownership influences pollution outcomes.🧵
nber.org/papers/w34203
We provide a theoretical micro foundation for how much pollution (negative externalities) a firm will internalize based on the ownership distribution of its shareholders. Small shareholders, compared to large ones, want the firm to spend more on avoiding pollution since they suffer less profit loss for the same environmental benefit. In particular, if a shareholder holds a share of 1/N, where N is the population in society, that shareholder’s preferences align with a social planner’s. Three theoretical predictions arise. First, small shareholders will systematically vote for a greener corporate profile. Second, firms with a smaller weighted median shareholder will pollute less. Third, countries with concentrated corporate wealth holdings and/or more individualized firm ownership pollute more. This implies that standard models of externalities in environmental economics and macroeconomics containing representative agents are either internally inconsistent or not fully specified.
September 8, 2025 at 10:07 AM
Reposted by Tsz Chun Kwok
johncawley.bsky.social
If you'll be on the #EconJobMarket this coming year, you may want to join this webinar by @aereorg.bsky.social, titled, "Navigating Uncertain Waters: Advice for the Current Job Market," with Min Gong & @adrienneohler.bsky.social. 29 Sept 2025 @ 11am ET.
August 22, 2025 at 1:03 PM
Reposted by Tsz Chun Kwok
oskarnskans.bsky.social
Submit your "core" labor economics papers (wages, employment..) to this great workshop I co-organize for the third time - join with, e.g., Cardoso, Machin, Mogstad and Spitz-Oener for some serious Labor Economics in Helsinki in August!
February 11, 2025 at 8:00 AM
Reposted by Tsz Chun Kwok
adam-gill.bsky.social
🚨New Working Paper!🚨

Excited to share a new IZA DP (No. 17468) with @oskarnskans.bsky.social looking at the relationship between trust and work from home (WFH). #EconSky

“Trusted from Home: Managerial Beliefs and Workers’ Spatial Autonomy”

docs.iza.org/dp17468.pdf

A short 🧵…
December 6, 2024 at 2:59 PM