Is corporate social responsibility associated with lower wages?
Link to article:
Nyborg, Karine og Tao Zhang
Number in series: 1
Firms with a reputation as socially responsible may have an important cost advantage: If workers prefer their employer to be socially responsible, equilibrium wages may be lower in such firms. We explore this hypothesis, combining Norwegian register data with data on firm reputation collected by an employer branding firm. Adjusting for a large set of background variables, we find that the firm’s social responsibility reputation is significantly associated with lower wages.
C51, D21, D64, Q56
Self-regulation, wage differentials, CSR
Project:Oppdragsgiver: Norges forskningsråd, Miljø2015
Oppdragsgivers prosjektnr.: 183593
Frisch prosjekt: 3171 - SAMFUNN: Norms, green agents and environmental policy