1 option
Is Mobility of Technical Personnel a Source of R&D Spillovers? / Jarle Møen.
- Format:
- Book
- Author/Creator:
- Møen, Jarle.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w7834.
- NBER working paper series no. w7834
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2000.
- Summary:
- Labor mobility is often considered to be an important source of knowledge externalities, making it difficult for firms to appropriate returns to R&D investments. In this paper, I argue that inter-firm transfers of knowledge embodied in people should be analyzed within a human capital framework. Testing such a framework using a matched employer-employee data set, I find that the technical staff in R&D-intensive firms pays for the knowledge they accumulate on the job through lower wages in the beginning of their career. Later they earn a return on these implicit investments through higher wages. This suggests that the potential externalities associated with labor mobility, at least to some extent, are internalized in the labor market.
- Notes:
- Print version record
- August 2000.
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