Returns to Teamwork and Professional Networks: Evidence from Economic Research
No 202101, Working Papers from School of Economics, University College Dublin
Teamwork is growing in developed economies, and workers in teams are increasingly compensated according to team output. Because parsing individual contributions to teamwork is difficult, I focus on scholarly economics research, which lists contributing authors. I use turnover to identify team value-added: an author's average output quality conditional on the value-added of coauthors. Linking the universe of scholarly economic research output to publicly available payroll records, I study the effect of value-added on salaries. Strikingly, coauthors' value-added has a greater effect on salaries than does own value-added, suggesting the value of professional networks dominates the effect of discounting contributions based on coauthor quality. Moreover, authors are compensated for the solo-authored output of their coauthors - which can not be reasonably attributed to them - demonstrating the value of professional networks.
Keywords: Human capital; Teamwork; Productivity; Performance pay; Non-partite networks (search for similar items in EconPapers)
JEL-codes: J16 J24 J33 J44 (search for similar items in EconPapers)
Pages: 37 pages
New Economics Papers: this item is included in nep-cwa, nep-hrm and nep-lma
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http://hdl.handle.net/10197/11867 First version, 2021 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:ucn:wpaper:202101
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