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Seminar in Economics | with Virginia Minni

Department of Economics welcomes you to a seminar with Virginia Minni, Post-Doctoral Fellow at the Institute for Fiscal Studies (IFS)

Welcome to this Higher Seminar in Economics organized by the Department of Economics, SSE. The seminar speaker is Virginia Minni, Post-Doctoral Fellow at the Institute for Fiscal Studies (IFS) and will join The University of Chicago Booth School of Business as an Assistant Professor of Economics in July 2024. 

Virginia Minni will present "Meaning at Work", a joint project with Nava Ashraf, Oriana Bandiera, and Luigi Zingales. 

Abstract

Modern society is characterized by a clear demarcation between work and personal life, where work involves an exchange of time and ''costly'' effort for money. And yet, social scientists have long posited that individuals get meaning from their work that extends beyond financial compensation. To investigate this, we run a cross-country field experiment in collaboration with a multinational company that offers one-day workshops that guide employees on how to connect their individual purpose with their work. We randomize the roll-out of the workshops among 3000 employees in 14 countries and track outcomes over the subsequent two years, including productivity and performance on the job, turnover, job changes, job satisfaction, team engagement, and well-being. We find that the workshop increases worker performance and wellbeing. More than half of the performance effect is explained by higher worker motivation, and the rest comes from changes in worker selection via exit and worker job allocation via lateral moves. The results indicate that a simple, cost-effective, and scalable intervention aimed at fostering personal meaning at work impacts worker outcomes by flattening the tradeoff between pay and meaning.

 

The seminar takes place at Stockholm School of Economics, Sveavägen 65, room A750.

Please contact nicola.donohoe@hhs.se if you have any questions.

Dept. of Economics Economics Seminar in economics