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| Tekijä: | Andersson, F. (et al.) |
| Otsikko: | Reaching for the stars: Who pays for talent in innovative industries? |
| Lehti: | Economic Journal
2009 : JUN, VOL. 119:538, p. 308-332 |
| Asiasana: | computer industry software innovation employees skills compensation pay |
| Kieli: | eng |
| Tiivistelmä: | Highly talented workers are needed to get recuited by innovative firms. In this article, the potential returns to innovation are connected to the structure of compensation for skilled employees. Software (herein as: s-w.) firms operating in s-w. sectors with high potential upside gains to innovation are shown to pay more to "star" workers than do other firms in stable markets. Firms operating in product domains with highly skewed positive returns pay employees more in up-front starting wages and offer higher compensation growth. The large estimated effects on earnings are robust to including of a wide range of controls for worker and firm characteristics. |
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