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ESG Is The Most Polarizing Nonwage Amenity: Evidence from a Field Experiment in Brazil

Author

Listed:
  • Emanuele Colonnelli
  • Timothy McQuade
  • Gabriel Ramos
  • Thomas Rauter
  • Olivia Xiong

Abstract

We examine job-seekers' heterogeneous preferences for nonwage amenities, with a focus on environmental, social, and governance (ESG) practices, using an incentivized field experiment in Brazil. Our findings reveal that ESG is the most polarizing nonwage amenity across multiple sociodemographic groups, with the strongest preferences observed among highly educated, white, and politically liberal individuals (Colonnelli et al., 2025). While women report a stronger preference for work-from-home policies, all other nonwage amenities exhibit minimal variation across sociodemographic groups. Our findings highlight the critical role of corporate values in shaping economic outcomes within an increasingly polarized society.

Suggested Citation

  • Emanuele Colonnelli & Timothy McQuade & Gabriel Ramos & Thomas Rauter & Olivia Xiong, 2025. "ESG Is The Most Polarizing Nonwage Amenity: Evidence from a Field Experiment in Brazil," NBER Working Papers 33455, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:33455
    Note: AP CF DEV LE LS PE POL PR
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    JEL classification:

    • G0 - Financial Economics - - General
    • J0 - Labor and Demographic Economics - - General
    • P0 - Political Economy and Comparative Economic Systems - - General

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