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BEGIN:VEVENT
UID:347095417555520048a589a647c7cbe4
CATEGORIES:Seminars
CREATED:20260108T095812
SUMMARY:Lunch Seminar: Audinga Baltrunaite - Bank of Italy
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nSubcontracting, Procurement Performance and Workplace Safety\n\n\nAbstr
 act:\nSubcontracting in public procurement may alleviate execution friction
 s, by expanding the firm boundaries or by insuring it against unforeseen ci
 rcumstances that obstacle timely and complete project delivery. However, th
 e delegation of tasks to external firms may generate uncertainty over ultim
 ate accountability and weaken incentives to safeguard workplace safety. To 
 investigate this trade-off, we draw on comprehensive data covering the univ
 erse of public works tenders in Italy, enriched with information on contrac
 tors, subcontractors, and workplace accidents. Leveraging a difference-in-d
 ifferences design that exploits a 2021 reform easing restrictions on subcon
 tracting, we show that increased access to subcontracting improved project 
 execution by reducing public works' completion time and cost overruns, desp
 ite the apparently lower competition at the tender stage. On the downside, 
 within-firm estimates indicate that the incidence of work-related accidents
  may be higher when a firm operates as a subcontractor, illustrating a poli
 cy-relevant tension between effective execution and work-place safety.\n
DTSTAMP:20260416T191300Z
DTSTART:20260311T130000Z
DTEND:20260311T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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