This week, Julia Lane from New York University will be presenting, “Wrapping it up in a person: Tracing flows from funded research into the economy using linked administrative records.” The co-authorship list includes: Nikolas Zolas, Nathan Goldschlag, Ron Jarmin, Paula Stephan, Jason Owen Smith, Rebecca Rosen, Barbara McFadden Allen, Bruce Weinberg and Julia Lane. The presentation will begin at 12:10pm in 330 Cheit. There is no paper, but here is the abstract:
In evaluating research investments, it is important to establish whether the expertise gained by researchers in conducting their projects propagates into the broader economy. For eight universities, it was possible to combine data from the U.S. Bureau of the Census with data from the UMETRICS project, which provided administrative records on funded research. The analysis covers 2010-2012 earnings and placement outcomes of people receiving doctorates in 2009-2011. More than 40% of supported doctorate recipients, both federally and non-federally funded, enter industry and, when they do, they disproportionately get jobs at large and high wage establishments in high tech and professional service industries. While PhD recipients spread nationally, there is also geographic clustering in employment near the universities that trained and employed the researchers. We also show large differences across fields in placement outcomes.
The doctoral reading for this week will focus on Ben Jones, with his 2014 American Economic Review on human capital and working paper on the reverse Matthew effect. He’ll be joining us via Skype at 2:30.
Last week Sam Arts and I presented our work on switching fields, identified off of the Michigan change in non-compete laws. Gary Dushnitsky also presented work demonstrating that stronger IP laws in a country could counteract entrepreneurial over-optimism.