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Returns to Teamwork and Professional Networks: Evidence from Economic Research
Author(s)
Date Issued
2021-01-13
Date Available
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
UCD Centre for Economic Research Working Paper Series
WP2021/01
Copyright (Published Version)
2021 the Author
Classification
J16
J24
J33
J44
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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