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Human and social capital accumulation within research infrastructures: The case of CERN

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  • Gelsomina Catalano
  • Francesco Giffoni
  • Valentina Morretta

Abstract

The contribution to human and social capital accumulation is one of the most important socio‐economic benefits of public investment in Research Infrastructures. Sure enough, these large scientific enterprises are exceptional incubators of human and social capital, especially for early‐career researchers who have the opportunity to gain new skills and expand their network of contacts in highly prestigious and challenging workplaces. This paper explores the contribution of spending a period of study and/or work at the Large Hadron Collider of CERN to the expected future lifelong salary of early‐career researchers. Previous studies are here extended by using three sources of data: primary data collected through a survey to CERN Alumni, a survey to team leaders who supervised early‐career researchers at CERN, and secondary data salary information. Findings show that an experience‐based learning process at CERN is instrumental in developing skills that are needed by the economy and reveal an expected salary premium between 5% and 11%. Such human capital effect seems more important than a pure networking and reputational effect.

Suggested Citation

  • Gelsomina Catalano & Francesco Giffoni & Valentina Morretta, 2021. "Human and social capital accumulation within research infrastructures: The case of CERN," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(3), pages 473-496, September.
    • Handle: RePEc:bla:annpce:v:92:y:2021:i:3:p:473-496
    DOI: 10.1111/apce.12317
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    References listed on IDEAS

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    Cited by:

    1. Morretta, Valentina & Vurchio, Davide & Carrazza, Stefano, 2022. "The socio-economic value of scientific publications: The case of Earth Observation satellites," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    2. Giulio Ecchia & Chris O'Leary & Luciano Messori, 2021. "Ex‐ante socio‐economic impact assessment for a social science research infrastructure: The case of EuroCohort," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(3), pages 531-563, September.
    3. Giffoni, Francesco & Florio, Massimo, 2023. "Public support of science: A contingent valuation study of citizens' attitudes about CERN with and without information about implicit taxes," Research Policy, Elsevier, vol. 52(1).

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