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Jordan Nickerson – Boston College
27 September 2019 @ 10:00 am - 11:30 am
Vyacheslav Fos, Naser Hamdi, Ankit Kalda, and Jordan Nickerson
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.