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Labor Mobility from Academe to Commerce

Author

Listed:
  • Lynne G. Zucker

    (University of California, Los Angeles, and National Bureau of Economic Research)

  • Michael R. Darby

    (University of California, Los Angeles, and National Bureau of Economic Research)

  • Maximo Torero

    (Grupo de Análisis para el Desarrollo (GRADE), and University of California, Los Angeles)

Abstract

Breakthroughs with natural excludability are transferred to industry by top academic scientists (stars) working in or with firms. Movement to firms depends on scientists' quality, moving costs, and reservation wage. Scientists' quality, moving costs, trial frequency, interfering academic offers, and productivity of stars already in firms determine reservation wage. In group-duration analysis for biotechnology, stars move to firms faster as their quality, human focus, and outside coauthorships increase; local firms and productivity of local stars in firms increase; and top local universities decrease. Stars move to firms full or part time similarly, but significance drops for rarer full-time moves.

Suggested Citation

  • Lynne G. Zucker & Michael R. Darby & Maximo Torero, 2002. "Labor Mobility from Academe to Commerce," Journal of Labor Economics, University of Chicago Press, vol. 20(3), pages 629-660, July.
    • Handle: RePEc:ucp:jlabec:v:20:y:2002:i:3:p:629-660
    DOI: 10.1086/339613
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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