Mr Alessandro Sforza

Mr Alessandro Sforza

PhD Candidate in Economics

Department of Economics

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About me

Research interests
International Trade (primary)
Organisational Economics (secondary)

Job market paper
Shocks and the organization of the firm: who pays the bill?

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What happens to firms’ organizational structure when they are hit by a negative shock? By matching employer-employee data with firm loans and bank balance sheets, I study firm reactions to a credit shock–the global financial crisis–and compare it to a trade shock–the entry of China in the WTO. When hit by a credit supply shock, firms reduce employment of higher skilled workers more than lower skilled production workers, while no adjustment is found on the wages. In contrast, a trade shock affects the hierarchy of the firm from the bottom to the top: firms rescale the organization and reduce employment at all levels. Results support the existence of heterogenous complementarities between capital and skills along the hierarchy of the firm: a shock to credit hits workers in the middle of the hierarchy, while a trade induced demand shock affects the scale of the firm, hence all skills proportionally.

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Publications and additional papers

  • Goods and factor market integration: a quantitative assessment of the EU enlargement, Joint with L. Caliendo, L. D. Opromolla and F. Parro

  • The diffusion of knowledge via managers’ mobility,Joint with G. Mion and L. D. Opromolla

  • The weather effect: estimating the effect of voter turnout on electoral outcomes in Italy

Contacts

Placement Officer
Professor Wouter Den Haan

Supervisor
Professor Gianmarco Ottaviano

Advisors
Professor Daniel Sturm
Dr Veronica Rappoport

References
Professor Gianmarco Ottaviano
Professor Daniel Sturm
Dr Veronica Rappoport

Contact information

Email
a.sforza@lse.ac.uk

Room number
32L.2.35

Office Address
Department of Economics,
London School of Economics and Political Science,
Houghton Street, London WC2A 2AE