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- Title
New hires, adjustment costs, and knowledge transfer—evidence from the mobility of entrepreneurs and skills on firm productivity.
- Authors
Lappi, Emma
- Abstract
This paper evaluates the productivity impacts and the subsequent adjustment costs associated with hiring different knowledge workers. I focus on the difference between hiring former entrepreneurs, employees who change jobs, and unemployed individuals. I am the first to evaluate the direct impact that hiring former entrepreneurs has on firm productivity and the heterogenous adjustment costs associated with the different types of new hires. I find no difference between the first-year adjustment costs of entrepreneurs and those of regular-wage employees. Hiring former entrepreneurs is a way to increase productivity after the first year of employment only if the former entrepreneurs are from the highest end of the ability distribution.
- Subjects
BUSINESSPEOPLE; KNOWLEDGE transfer; CAREER changes; INDUSTRIAL productivity; KNOWLEDGE workers; OCCUPATIONAL mobility
- Publication
Industrial & Corporate Change, 2024, Vol 33, Issue 3, p712
- ISSN
0960-6491
- Publication type
Article
- DOI
10.1093/icc/dtad032