The Peer Effect on Future Wages in the Workplace
利用意大利雇主-雇员数据，估计同伴质量提高10%会使下一年工资增长1.8%，5年后降至0.7%；并分析高、低质量工人进出对同伴工资的影响。
ABSTRACT This paper examines workplace peer effects in two directions, leveraging employer‐employee data for Italy. First, using a novel estimation approach and addressing endogenous worker‐peer sorting, we estimate that a 10% increase in peer quality raises one's wage by 1.8% in the next year. The effect declines to 0.7% after 5 years. Second, in an event study around mobility episodes, we quantify wage changes associated with the entry and leave of high‐quality and low‐quality workers. Hiring high‐quality workers positively affects peer wages, as does separating from low‐quality workers. Movers experience immediate gains upon moving to high‐quality peer groups.