Worker Mobility and the Diffusion of Knowledge

Kyle Herkenhoff, Gordon Phillips, Jeremy Lise and Guido Menzio

No 457, 2018 Meeting Papers from Society for Economic Dynamics

Abstract: We develop a theory of teams to measure the way knowledge diffuses across workers. We extend the sequential auctions framework to allow for workers to influence each other's knowledge. Workers can search on-the-job and leave their team to start a new team, carrying some of their knowledge with them. In contrast to standard sorting models, a firm's type is no longer exogenous; it is coworker human capital. Using a new methodology, we estimate the knowledge diffusion process and the degree of worker complementarities in production with micro wage data and job mobility patterns from the LEHD. Our estimated parameters imply both positive peer effects and strong production complementarities.

Date: 2018
New Economics Papers: this item is included in nep-dge, nep-hrm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed018:457

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