Labor Mobility of Scientists, Technological Diffusion, and the Firm's Patenting Decision
Gerald Marschke () and
Jinyoung Kim ()
Discussion Papers from University at Albany, SUNY, Department of Economics
We develop and test a model of the patenting and R&D decisions of an innovating firm whose researcher-employees sometime quit to join or start a rival. In our model, the innovating firm patents to protect itself from its workers. We show theoretically that the risk of a scientist's departure raises the firm's propensity to patent an innovation and reduces its research expenditures, which is confirmed in our empirical study of firm-level panel data. Our results suggest that the scientists' turnover partly explains cross-industry patenting variation, recent increases in patenting, and why small firms have high patent-R&D ratios.
Keywords: Labor market for scientists and engineers; patents; research and development; job turnover; mobility of scientists (search for similar items in EconPapers)
JEL-codes: J63 O32 O34 (search for similar items in EconPapers)
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Journal Article: Labor Mobility of Scientists, Technological Diffusion, and the Firm's Patenting Decision (2005)
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