Returns to Teamwork and Professional Networks: Evidence from Economic Research

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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 capitalTeamworkProductivityPerformance payNon-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Status of Item: Not peer reviewed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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