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New hires, adjustment costs, and knowledge transfer-evidence from the mobility of entrepreneurs and skills on firm productivity
Jönköping University, Jönköping International Business School, JIBS, Centre for Entrepreneurship and Spatial Economics (CEnSE). Copenhagen Business Sch, Dept Strategy & Innovat, Kilevej 14A,2nd Floor, DK-2000 Frederiksberg, Hovedstaden, Denmark..ORCID iD: 0000-0002-3950-931x
2024 (English)In: Industrial and Corporate Change, ISSN 0960-6491, E-ISSN 1464-3650, Vol. 33, no 3, p. 712-737Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
Oxford University Press, 2024. Vol. 33, no 3, p. 712-737
Keywords [en]
Human Capital, Occupational Choice, Labor Productivity, Mobility, Firm Performance, Entrepreneurship
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-62551DOI: 10.1093/icc/dtad032ISI: 001056610400001Scopus ID: 2-s2.0-85193297452Local ID: HOA;;907013OAI: oai:DiVA.org:hj-62551DiVA, id: diva2:1801072
Available from: 2023-09-29 Created: 2023-09-29 Last updated: 2024-05-28Bibliographically approved

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Lappi, Emma

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