Research

Working Papers


Religious Fasting and Workplace Productivity

Published:

We investigate the effect of Ramadan fasting on individual worker productivity in a high-stakes, highly competitive setting in which workers face strong economic incentives, can be tracked individually over time, and produce output that is consistently measurable through algorithmic performance ratings. Crucially, because workers have no discretion over their hours or working conditions, we can isolate the direct productivity channel from the labor supply and on-the-job behavioral responses that fasting typically induces. Drawing on sixteen years of granular data from two countries, we employ a difference-indifferences design comparing the relative performance of Muslim and non-Muslim workers within and outside Ramadan. At the worker level we find no significant Ramadan effect, while accounting for various measures of fasting intensity. We do, however, find suggestive evidence of small negative spillovers from Muslim colleagues, partly offset by a positive effect of facing Muslim workers in the competing firm. This pattern carries over to the firm level, where output declines in the number of Muslim workers a firm relies on during Ramadan. Finally, we find no substantial labor demand responses at either the intensive or the extensive margin, and discuss three explanations for the predominantly null findings, namely worker adaptation, the production technology, and organizational accommodation.

Recommended citation: Froch, Jonas; Hua, Chengyuan; Nasser, Galila; (2026); "Religious Fasting and Workplace Productivity"; Working Paper
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The Relocation Effect of a Major League Franchise on Residential Property Values

Published:

We exploit the relocation of the NFL’s Rams from St. Louis in 2016 to estimate the localized amenity value associated with a professional sports team. Unlike arrivals, which typically coincide with the construction of a new stadium, this departure left the stadium in use, allowing us to separate the amenity value of the team from that of the facility. Using difference-in-differences hedonics, we find that house prices within three miles of the stadium declined by about 7.8 percent relative to the rest of the city, with an effect that decays nonlinearly with distance. Synthetic control estimates reveal a corresponding shortfall in food service and retail establishments in the urban core, and a mediation analysis suggests that the restaurant channel accounts for about one fifth of the price differential. Both patterns point to forgone growth rather than outright contraction, as the durable stadium and building stock remain in place. The implied loss in amenity value is substantial, though insufficient to justify the public funds proposed to retain the team.

Recommended citation: Froch, Jonas; (2026); "The Relocation Effect of a Major League Franchise on Residential Property Values"; Working Paper
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Showing Visibility When it Matters: Contingent Employment and Effort

Published:

We examine contingent employment arrangements, assuming that agents perceive them as exceptional opportunities to signal their capabilities to the labor market. We study a multitask career-concerns model in which employment contingency shifts effort toward highly visible tasks at the expense of less visible ones. Exploiting a distinct setting of contingent employment in professional soccer, we test this effort-visibility hypothesis via entropy balancing. Consistent with the model, we observe that agents reallocate effort toward more visible actions while reducing effort in more subtle actions.

Recommended citation: Froch, Jonas; Gürtler, Oliver; Sage, Felix (2026): "Showing Visibility When it Matters: Contingent Employment and Effort"; Working Paper