Portrait of Wei Hou

Wei Hou

Thanks for visiting my homepage.

I am a Ph.D. candidate in Finance at Erasmus School of Economics, Erasmus University Rotterdam.

My research is in empirical corporate finance, with a focus on labor and human capital. I study how labor market institutions and organizational policies shape the allocation of human capital within firms and affect workers' careers, firm investment, and labor productivity.

My PhD supervisors are Patrick Verwijmeren and Daniel Urban.

I will be on the 2026/2027 academic job market.

Here is my CV.

You can contact me at hou@ese.eur.nl.

Research

Working Papers

Noncompete Agreements and the Allocation of Human Capital Within Firms

Solo-authored

Semifinalist for Best Paper Award in Corporate Finance, FMA 2026

Abstract: This paper studies how restrictions on worker mobility change firms’ internal allocation of human capital. I combine employee career histories from Revelio Labs with staggered state-level increases in noncompete agreement (NCA) enforceability. I find that stronger enforceability increases internal promotions and occupational reallocation. These adjustments are particularly pronounced among knowledge workers and employees in operations- and product-related functions. Union organizing also declines. At the firm level, knowledge capital investment rises, but sales per employee fall, especially in labor-intensive firms. Together, my results suggest that restrictions on external mobility shift allocation toward internal labor market at the cost of labor productivity.

Selected Presentations: Tinbergen Institute Jamboree, ESE Cheap Thrills, Spanish Finance Forum PhD Day, FMA 2026, 7th RCF-ECGI Conference, and RSM PhD Seminar.

On the Program: A Gender Equality Initiative and Professional Visibility at Academic Conferences

with Marina Gertsberg, Esad Smajlbegovic, Daniel Urban, and Patrick Verwijmeren

Revise and Resubmit, Research Policy

Abstract: Persistent gender disparities characterize scientific careers. We study a gender equality initiative implemented at a leading academic conference, a key stage in researchers' careers where visibility, reputation, and professional networks are shaped. Using a difference-in-differences design that compares two major conferences within the same discipline, we show that a time-limited initiative encouraging the appointment of women as paper discussants led to a sharp but temporary increase in female representation in this prestigious role. The increase did not come at the expense of quality: female discussants on the conference program during the initiative had stronger publication records and comparable expertise-paper matches. The initiative increased female representation across the seniority distribution, with the largest gains among senior women, where pre-initiative underrepresentation was most severe. Senior women also took on a disproportionate number of conference roles. Over time, the pool of selected women broadened modestly to include scholars from lower-ranked institutions, and matched evidence is consistent with subsequent recognition gains for both senior and junior women. Our findings show that leadership-driven gender equality initiatives can meaningfully alter representation in high-profile academic roles, but that their effects are not necessarily self-sustaining.

Selected Presentations: ESE Cheapthrills 2024, TU Munich 2025, University of Melbourne 2025, FBA Conference 2025.

Publication

Teaching

Thesis Supervisor, Department of Business Economics

FEM11067: Master's Thesis Financial Economics

FEB13100: Bachelor's Thesis Financial Economics

2024-2027, Erasmus School of Economics

Teaching Assistant, Department of Business Economics

FEM11118: Advanced Corporate Finance and Governance

2024-2027, Erasmus School of Economics