Replication data for: Team-Specific Capital and Innovation

Principal Investigator(s): View help for Principal Investigator(s) Xavier Jaravel; Neviana Petkova; Alex Bell

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AER-2015-1184_programs			10/12/2019 05:04:AM
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Project Citation:

Jaravel, Xavier, Petkova, Neviana, and Bell, Alex. Replication data for: Team-Specific Capital and Innovation. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113089V1

Project Description

Summary: We establish the importance of team-specific capital in the typical inventor's career. Using administrative tax and patent data for the population of US patent inventors from 1996 to 2012, we find that an inventor's premature death causes a large and long-lasting decline in their co-inventor's earnings and citation-weighted patents (–4 percent and –15 percent after 8 years, respectively). After ruling out firm disruption, network effects, and top-down spillovers as main channels, we show that the effect is driven by close-knit teams and that team-specific capital largely results from an "experience" component increasing collaboration value over time.

Scope of Project

JEL Classification:
      J24 Human Capital; Skills; Occupational Choice; Labor Productivity
      J31 Wage Level and Structure; Wage Differentials
      M54 Personnel Economics: Labor Management
      O31 Innovation and Invention: Processes and Incentives
      O34 Intellectual Property and Intellectual Capital

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Published Versions

V1 [2019-10-12]

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