Returns to Teamwork and Professional Networks: Evidence from Economic Research
|Title:||Returns to Teamwork and Professional Networks: Evidence from Economic Research||Authors:||Devereux, Kevin||Permanent link:||http://hdl.handle.net/10197/11867||Date:||13-Jan-2021||Online since:||2021-01-22T16:58:55Z||Abstract:||Teamwork is growing in developed economies, and workers in teams are increasingly compensated according to team output. Because parsing individual contributions to teamwork is difficult, I focus on scholarly economics research, which lists contributing authors. I use turnover to identify team value-added: an author's average output quality conditional on the value-added of coauthors. Linking the universe of scholarly economic research output to publicly available payroll records, I study the effect of value-added on salaries. Strikingly, coauthors' value-added has a greater effect on salaries than does own value-added, suggesting the value of professional networks dominates the effect of discounting contributions based on coauthor quality. Moreover, authors are compensated for the solo-authored output of their coauthors - which can not be reasonably attributed to them - demonstrating the value of professional networks.||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Start page:||1||End page:||37||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP2021/01||Copyright (published version):||2021 the Author||Keywords:||Human capital; Teamwork; Productivity; Performance pay; Non-partite networks||JEL Codes:||J16; J24; J33; J44||Language:||en||Status of Item:||Not peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-nd/3.0/ie/|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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