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


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Professor Wouter Den Haan

Professor Gianmarco Ottaviano

Professor Daniel Sturm
Dr Veronica Rappoport

Professor Gianmarco Ottaviano
Professor Daniel Sturm
Dr Veronica Rappoport

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