Finance Seminar with Vyacheslav Fos, Boston College, Carroll School of Management

On Friday October 11, 2019 Vyacheslav Fos, Boston College, Carroll School of Management, will be giving a seminar on the paper: "Gig-Labor: Trading Safety Nets for Steering Wheels".

Friday, October 11, 2019 - 11:00 to 12:15

The Department of Finance is proud to announce the upcoming seminar with Vyacheslav Fos, Boston College, Carroll School of Management.

Vyacheslav Fos will present:

Gig-Labor: Trading Safety Nets for Steering Wheels

This paper shows that the introduction of the “gig-economy” changes the way employees respond to job loss. Using a comprehensive set of Uber product launch dates and employee-level data on job separations, we show that laid-off employees with access to Uber are less likely to apply for UI benefits, rely less on household debt, and experience fewer delinquencies. Our empirical strategy is based on a triple difference-in-difference empirical model, comparing the difference in outcome variables 1) pre- and post-layoff, 2) before and after Uber enters a market, and 3) between workers with and without the ability to participate on the ride-sharing platform (car-owners inferred from auto credit histories). In support of our identification strategy, we find no apparent pre-existing difference in outcomes in the months leading up to Uber’s entry into a market. Moreover, the effects are severely attenuated for workers with an auto lease, for whom the viability of participating on the ride-sharing platform is significantly reduced. Overall, our findings show that the introduction Uber had a profound effect on labor markets.

PDF icon Find the paper here.

Solbjerg Plads 3,
2000 Frederiksberg
Room: SPs07 

The page was last edited by: Department of Finance // 04/04/2022