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Dancing with the Stars: Interactions and Human Capital Accumulation

Author

Listed:
  • Valerio Sterzi

    (Université de Bordeaux)

  • Stefanie Stantcheva

    (Harvard University)

  • Santiago Caicedo

    (University of Chicago)

  • Ernest Miguelez

    (Université de Bordeaux)

  • Ufuk Akcigit

    (University of Chicago)

Abstract

Does interacting with others contribute to human capital accumulation? We try to answer this question by using a novel panel dataset on European inventors matched to their employers. Our panel data comes from the European Patent Offices since the 1980s and contains information on inventors, their employers, and their patents. More interactions are very strongly correlated with higher subsequent productivities of inventors, as measured by their number and quality of patents. Using variation in labor market regulations and flexibility across sectors, countries and time as instruments, we document a causal link between interactions and productivity or human capital accumulation of inventors.

Suggested Citation

  • Valerio Sterzi & Stefanie Stantcheva & Santiago Caicedo & Ernest Miguelez & Ufuk Akcigit, 2016. "Dancing with the Stars: Interactions and Human Capital Accumulation," 2016 Meeting Papers 1037, Society for Economic Dynamics.
  • Handle: RePEc:red:sed016:1037
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    File URL: https://economicdynamics.org/meetpapers/2016/paper_1037.pdf
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    Cited by:

    1. Javier Mejia, 2018. "Social Interactions and Modern Economic Growth," Working Papers 20180021, New York University Abu Dhabi, Department of Social Science, revised Sep 2018.

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