Not all scientists pay to be scientists: PhDs’ preferences for publishing in industrial employment
It is often assumed that academically trained scientists have a strong taste for science and are willing to “pay” for the ability to openly disclose their research results. However, little is known regarding how scientists considering jobs in industrial R&D make trade-offs between positions that allow publishing on the one hand and positions that do not allow publishing but offer higher pay on the other. Using data on over 1900 science and engineering PhD candidates about to enter the job market, we find that while some are unwilling to give up publishing at virtually any price, over one third of those most likely to seek positions in industrial research are willing to forego publishing for free. We develop a simple model of the “price” scientists assign to publishing in firms and explore potential sources of heterogeneity empirically. We find that the price of publishing increases with individuals’ preferences for various benefits from publishing such as peer recognition and contributing to society, but it decreases with their preference for money. Scientists who believe themselves to be of high ability and who train at top tier institutions have a higher price of publishing. Yet, they are more expensive to hire (not less) even if publishing is allowed. We discuss implications for research on the economics of science and on compensating differentials, for managers seeking to attract and retain academically trained personnel, and for firms considering their participation in open science.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- April Mitchell Franco & Darren Filson, 2000.
"Knowledge Diffusion through Employee Mobility,"
Claremont Colleges Working Papers
2000-61, Claremont Colleges.
- Hicks, Diana, 1995. "Published Papers, Tacit Competencies and Corporate Management of the Public/Private Character of Knowledge," Industrial and Corporate Change, Oxford University Press, vol. 4(2), pages 401-24.
- Simeth, Markus & Raffo, Julio D., 2013.
"What makes companies pursue an Open Science strategy?,"
Elsevier, vol. 42(9), pages 1531-1543.
- Markus Simeth & Julio Raffo, 2013. "What makes companies pursue an open science strategy?," WIPO Economic Research Working Papers 06, World Intellectual Property Organization - Economics and Statistics Division, revised Apr 2013.
- Joao Santos Silva & Silvana Tenreyro, 2005.
"The Log of Gravity,"
CEP Discussion Papers
dp0701, Centre for Economic Performance, LSE.
- Joao Santos Silva & Silvana Tenreyro, 2005. "The log of gravity," LSE Research Online Documents on Economics 3744, London School of Economics and Political Science, LSE Library.
- Santos Silva, J.M.C & Tenreyro, Silvana, 2005. "The Log of Gravity," CEPR Discussion Papers 5311, C.E.P.R. Discussion Papers.
- Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2005.
"Academic Freedom, Private-Sector Focus, and the Process of Innovation,"
Harvard Institute of Economic Research Working Papers
2089, Harvard - Institute of Economic Research.
- Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2008. "Academic freedom, private-sector focus, and the process of innovation," RAND Journal of Economics, RAND Corporation, vol. 39(3), pages 617-635.
- Stein, Jeremy C. & Dewatripont, Mathias & Aghion, Philippe, 2008. "Academic Freedom, Private-Sector Focus, and the Process of Innovation," Scholarly Articles 3637074, Harvard University Department of Economics.
- Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2005. "Academic Freedom, Private-Sector Focus, and the Process of Innovation," NBER Working Papers 11542, National Bureau of Economic Research, Inc.
- repec:wip:wpaper:6 is not listed on IDEAS
- Nicola Lacetera & Lorenzo Zirulia, 2011.
"Individual Preferences, Organization, and Competition in a Model of R&D Incentive Provision,"
NBER Working Papers
17031, National Bureau of Economic Research, Inc.
- Lacetera, Nicola & Zirulia, Lorenzo, 2012. "Individual preferences, organization, and competition in a model of R&D incentive provision," Journal of Economic Behavior & Organization, Elsevier, vol. 84(2), pages 550-570.
- Michelle Gittelman & Bruce Kogut, 2003. "Does Good Science Lead to Valuable Knowledge? Biotechnology Firms and the Evolutionary Logic of Citation Patterns," Management Science, INFORMS, vol. 49(4), pages 366-382, April.
- Joshua S. Gans & Scott Stern, 2010. "Is there a market for ideas?," Industrial and Corporate Change, Oxford University Press, vol. 19(3), pages 805-837, June.
- Haeussler, Carolin & Sauermann, Henry, 2013. "Credit where credit is due? The impact of project contributions and social factors on authorship and inventorship," Research Policy, Elsevier, vol. 42(3), pages 688-703.
- Sorenson, Olav & Fleming, Lee, 2004. "Science and the diffusion of knowledge," Research Policy, Elsevier, vol. 33(10), pages 1615-1634, December.
- Tuckman, Howard P & Leahey, Jack, 1975. "What Is an Article Worth?," Journal of Political Economy, University of Chicago Press, vol. 83(5), pages 951-67, October.
- Edward P. Lazear, 2000.
"Performance Pay and Productivity,"
American Economic Review,
American Economic Association, vol. 90(5), pages 1346-1361, December.
- Karen Blumenschein & GlennC. Blomquist & Magnus Johannesson & Nancy Horn & Patricia Freeman, 2008. "Eliciting Willingness to Pay Without Bias: Evidence from a Field Experiment," Economic Journal, Royal Economic Society, vol. 118(525), pages 114-137, 01.
- Hwang, Hae-shin & Reed, W Robert & Hubbard, Carlton, 1992. "Compensating Wage Differentials and Unobserved Productivity," Journal of Political Economy, University of Chicago Press, vol. 100(4), pages 835-58, August.
- Frank T. Rothaermel & Shanti D. Agung & Lin Jiang, 2007. "University entrepreneurship: a taxonomy of the literature," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 691-791, August.
- Partha, Dasgupta & David, Paul A., 1994. "Toward a new economics of science," Research Policy, Elsevier, vol. 23(5), pages 487-521, September.
- Richard R. Nelson, 2003.
"The Market Economy, and the Scientific Commons,"
LEM Papers Series
2003/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Harhoff, Dietmar & Hoisl, Karin, 2006.
"Institutionalized Incentives for Ingenuity – Patent Value and the German Employees’ Inventions Act,"
Discussion Papers in Business Administration
1262, University of Munich, Munich School of Management.
- Harhoff, Dietmar & Hoisl, Karin, 2007. "Institutionalized incentives for ingenuity--Patent value and the German Employees' Inventions Act," Research Policy, Elsevier, vol. 36(8), pages 1143-1162, October.
- Mark R. Killingsworth, 1987. "Heterogeneous Preferences, Compensating Wage Differentials, and Comparable Worth," The Quarterly Journal of Economics, Oxford University Press, vol. 102(4), pages 727-742.
- Roach, Michael & Sauermann, Henry, 2010. "A taste for science? PhD scientists' academic orientation and self-selection into research careers in industry," Research Policy, Elsevier, vol. 39(3), pages 422-434, April.
- Scott Stern, 2004. "Do Scientists Pay to Be Scientists?," Management Science, INFORMS, vol. 50(6), pages 835-853, June.
- April Mitchell Franco & Darren Filson, 2006. "Spin‐outs: knowledge diffusion through employee mobility," RAND Journal of Economics, RAND Corporation, vol. 37(4), pages 841-860, December.
- Levin, Sharon G & Stephan, Paula E, 1991. "Research Productivity over the Life Cycle: Evidence for Academic Scientists," American Economic Review, American Economic Association, vol. 81(1), pages 114-32, March.
- Greenberg, Jerald & Ashton-James, Claire E. & Ashkanasy, Neal M., 2007. "Social comparison processes in organizations," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(1), pages 22-41, January.
- Sauermann, Henry & Roach, Michael, 2013. "Increasing web survey response rates in innovation research: An experimental study of static and dynamic contact design features," Research Policy, Elsevier, vol. 42(1), pages 273-286.
- Cockburn, Iain M & Henderson, Rebecca M, 1998. "Absorptive Capacity, Coauthoring Behavior, and the Organization of Research in Drug Discovery," Journal of Industrial Economics, Wiley Blackwell, vol. 46(2), pages 157-82, June.
- Julien Pénin, 2007. "Open Knowledge Disclosure: An Overview Of The Evidence And Economic Motivations," Journal of Economic Surveys, Wiley Blackwell, vol. 21(2), pages 326-347, 04.
- Goddeeris, John H, 1988. "Compensating Differentials and Self-selection: An Application to Lawyers," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 411-28, April.
- repec:rje:randje:v:37:y:2006:i:4:p:841-860 is not listed on IDEAS
When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:43:y:2014:i:1:p:32-47. See general information about how to correct material in RePEc.
If references are entirely missing, you can add them using this form.