I study the earnings, employment, and reallocation effects of mergers on incumbent employees. Using detailed employer-employee administrative data linked with manually collected information on merger activity in Brazil, I find mergers are associated with large and persistent earnings declines for employees in target firms. These declines are entirely explained by employment losses from displacement in the short run and wage losses from reallocation in the long run. Losses of firm-specific rents account for a substantial part of wage losses with employees transitioning to lower-paying, lower-quality firms. The effects increase with the level of pre-merger firm-specific rents. Finally, I provide evidence that the effects are concentrated among high-rent and low-skilled employees. Taken together, my findings highlight the role of costly reallocations as the primary factor contributing to merger costs for employees, and point to wealth transfers from low-skilled and excessively paid employees as a potential motivation for mergers.
{"title":"M&As, Employee Costs and Labor Reallocation","authors":"S. Lagaras","doi":"10.2139/ssrn.3560620","DOIUrl":"https://doi.org/10.2139/ssrn.3560620","url":null,"abstract":"I study the earnings, employment, and reallocation effects of mergers on incumbent employees. Using detailed employer-employee administrative data linked with manually collected information on merger activity in Brazil, I find mergers are associated with large and persistent earnings declines for employees in target firms. These declines are entirely explained by employment losses from displacement in the short run and wage losses from reallocation in the long run. Losses of firm-specific rents account for a substantial part of wage losses with employees transitioning to lower-paying, lower-quality firms. The effects increase with the level of pre-merger firm-specific rents. Finally, I provide evidence that the effects are concentrated among high-rent and low-skilled employees. Taken together, my findings highlight the role of costly reallocations as the primary factor contributing to merger costs for employees, and point to wealth transfers from low-skilled and excessively paid employees as a potential motivation for mergers.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121672496","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Connecting managerial literature with organization theory and economic views on entrepreneurship, the paper provides a structural view of entrepreneurship as a distinctive mode of governance, that can be defined using the concept of human capital investibility (rather than a more vague notion of ‘innovativeness’). On that basis, various theoretical propositions and practical decision making implications are developed according to the investibility and concentration of human capital: whether and when ownership is likely to be concentrated in the entrepreneur or shared with financial investors; how to size the claims of the entrepreneur(s) versus other investors on asset ownership; whether to acquire new human resources through employment or partnership contracts; which legal form of enterprise and which organizational form to adopt. In this framework, both ‘traditional’ and ‘innovative’ entrepreneurial firms can be specified as particular cases. Empirical evidence is provided drawing on original case study material.
{"title":"A Structural View of Entrepreneurship: Entrepreneurial Governance and Organization","authors":"A. Grandori","doi":"10.2139/ssrn.3524244","DOIUrl":"https://doi.org/10.2139/ssrn.3524244","url":null,"abstract":"Connecting managerial literature with organization theory and economic views on entrepreneurship, the paper provides a structural view of entrepreneurship as a distinctive mode of governance, that can be defined using the concept of human capital investibility (rather than a more vague notion of ‘innovativeness’). On that basis, various theoretical propositions and practical decision making implications are developed according to the investibility and concentration of human capital: whether and when ownership is likely to be concentrated in the entrepreneur or shared with financial investors; how to size the claims of the entrepreneur(s) versus other investors on asset ownership; whether to acquire new human resources through employment or partnership contracts; which legal form of enterprise and which organizational form to adopt. In this framework, both ‘traditional’ and ‘innovative’ entrepreneurial firms can be specified as particular cases. Empirical evidence is provided drawing on original case study material.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"168 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114140705","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper examines the short and long-term impact of international migration on overall human capital formation as well as the quality of human capital formation of the left behind households in the community of origin. Exploiting a unique migration policy, we find that the time passed since the migration event took place could affect the human capital formation of the left behind households differently. Furthermore, we find that international migration could also impact overall human capital as well as the quality of human capital formation differently. In particular, we do not find any impact of short and long-term international migration on the overall human capital formation of the left-behind household members. However, we find that households with long-term migrants are more likely to switch from a lower quality of education and substituting it with a higher quality of education of the left behind household members.
{"title":"The Short and Long-term Impact of International Migration on Human Capital Formation of the Left Behind","authors":"P. K. Sur","doi":"10.2139/ssrn.3650666","DOIUrl":"https://doi.org/10.2139/ssrn.3650666","url":null,"abstract":"This paper examines the short and long-term impact of international migration on overall human capital formation as well as the quality of human capital formation of the left behind households in the community of origin. Exploiting a unique migration policy, we find that the time passed since the migration event took place could affect the human capital formation of the left behind households differently. Furthermore, we find that international migration could also impact overall human capital as well as the quality of human capital formation differently. In particular, we do not find any impact of short and long-term international migration on the overall human capital formation of the left-behind household members. However, we find that households with long-term migrants are more likely to switch from a lower quality of education and substituting it with a higher quality of education of the left behind household members.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126065645","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
I study the effect of graduating within the nominal length of a university degree on the probability of working abroad after graduation. I solve for endogeneity by exploiting the exogenous variation in the probability of graduating on time that has been induced by a recent reform of the Italian academic system. I find that graduating on time increases the probability of working abroad at 1, 3, and 5 years from graduation. Results are stronger for males at 5 years from graduation claiming a brain drain effect measured in a 10.5 percentage points increase. I provide evidence that the brain drain effect is due to worsened labor conditions at 1 year from graduation.
{"title":"Labor Mobility or Brain Drain? The Role of College Completion Time","authors":"Samuel Nocito","doi":"10.2139/ssrn.3523779","DOIUrl":"https://doi.org/10.2139/ssrn.3523779","url":null,"abstract":"I study the effect of graduating within the nominal length of a university degree on the probability of working abroad after graduation. I solve for endogeneity by exploiting the exogenous variation in the probability of graduating on time that has been induced by a recent reform of the Italian academic system. I find that graduating on time increases the probability of working abroad at 1, 3, and 5 years from graduation. Results are stronger for males at 5 years from graduation claiming a brain drain effect measured in a 10.5 percentage points increase. I provide evidence that the brain drain effect is due to worsened labor conditions at 1 year from graduation.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126064915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Pittino, F. Chirico, Massimo Bau’, M. Villasana, Elvira E. Naranjo-Priego, Elda Barron
Abstract This study analyses the determinants of an individual’s intention to start up a new venture that involves family members. Building on the family embeddedness perspective, we hypothesize the existence of an inverted U-shaped relationship between the number of individuals in a family household and the intention to start a family business. Moreover, we argue that this relationship is moderated by the household income and the individual’s education level. With supportive empirical results based on data from the Global Entrepreneurship Monitor (GEM) from Mexico, our work contributes to research on family embeddedness and entrepreneurial career intentions by identifying the importance of household-level factors in the family business start-up decision, and by depicting such decision as a distinctive career option in terms of self-employment.
{"title":"Starting a Family Business as a Career Option: The Role of the Family Household in Mexico","authors":"D. Pittino, F. Chirico, Massimo Bau’, M. Villasana, Elvira E. Naranjo-Priego, Elda Barron","doi":"10.2139/ssrn.3522906","DOIUrl":"https://doi.org/10.2139/ssrn.3522906","url":null,"abstract":"Abstract This study analyses the determinants of an individual’s intention to start up a new venture that involves family members. Building on the family embeddedness perspective, we hypothesize the existence of an inverted U-shaped relationship between the number of individuals in a family household and the intention to start a family business. Moreover, we argue that this relationship is moderated by the household income and the individual’s education level. With supportive empirical results based on data from the Global Entrepreneurship Monitor (GEM) from Mexico, our work contributes to research on family embeddedness and entrepreneurial career intentions by identifying the importance of household-level factors in the family business start-up decision, and by depicting such decision as a distinctive career option in terms of self-employment.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114813581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The mobility of highly skilled knowledge and creative workers is an important determinant of innovation. Existing studies have not considered how the growth and diffusion of standardized technologies and tools influence the mobility of individual knowledge workers. We theorize that the diffusion of standardized tools increases the generalizability of human capital and, in turn, increases the ability of individuals to move between companies. Using data on the use of middleware in the console games industry, we find that this diffusion of standardized middleware tools led to an increase in labor mobility on average, but was associated with higher mobility for individuals with skills that complemented those tools. Worker experience with standardized tools amplified these effects, as individuals who were experienced in using these tools saw the largest shift in the likelihood of mobility. We do not find that this diffusion led to individuals leaving the industry, but we do find evidence that the diffusion of a common set of tools within an industry was associated with workers being less likely to leave that industry. These results highlight the potential unintended effects of technological standardization and the broad diffusion of standardized tools, which may enable workers to more easily shift between competitors.
{"title":"Standardized Tools and the Generalizability of Human Capital: The Impact of Standardized Technologies on Employee Mobility","authors":"M. Miric, Hakan Ozalp","doi":"10.2139/ssrn.3554224","DOIUrl":"https://doi.org/10.2139/ssrn.3554224","url":null,"abstract":"The mobility of highly skilled knowledge and creative workers is an important determinant of innovation. Existing studies have not considered how the growth and diffusion of standardized technologies and tools influence the mobility of individual knowledge workers. We theorize that the diffusion of standardized tools increases the generalizability of human capital and, in turn, increases the ability of individuals to move between companies. Using data on the use of middleware in the console games industry, we find that this diffusion of standardized middleware tools led to an increase in labor mobility on average, but was associated with higher mobility for individuals with skills that complemented those tools. Worker experience with standardized tools amplified these effects, as individuals who were experienced in using these tools saw the largest shift in the likelihood of mobility. We do not find that this diffusion led to individuals leaving the industry, but we do find evidence that the diffusion of a common set of tools within an industry was associated with workers being less likely to leave that industry. These results highlight the potential unintended effects of technological standardization and the broad diffusion of standardized tools, which may enable workers to more easily shift between competitors.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128558274","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Polish Abstract: Współczesna rzeczywistość ekonomiczna oraz edukacyjna w Polsce i na świecie koncentruje się wokół wysokiej specjalizacji zasobów siły roboczej. Kapitał intelektualny, gromadzony wewnątrz organizacji (w skali mikro) lub wewnątrz państw (w skali makro) traktowany jest na równi z pozostałymi zasobami, takimi jak klasyczne: praca, ziemia i kapitał (majątkowy). Przyczyny tak wysokiego wartościowania kapitału intelektualnego można upatrywać w ogólnej charakterystyce tego zasobu – to niematerialny środek pomnażania wartości dodanej, którego najważniejszą cechą jest nieograniczoność.
W niniejszym artykule zostanie przedstawiona oraz przeanalizowana możliwość usprawnienia systemu edukacji na poziomie podstawowym oraz średnim w polskich szkołach. Problematyką pracy jest pokazanie możliwości implementacji określonej koncepcji usprawniającej system edukacji oraz wskazanie korzyści i zagrożeń wynikających z podjęcia owych działań. Dodatkowym tematem rozważań jest odnalezienie i wyjaśnienie związku między indywidualizacją edukacji uczniów a wzrostem gospodarczym w skali makro oraz stworzenie modeli ekonometrycznych, które zobrazują zależności opisane w pracy.
English Abstract: The contemporary economic and educational reality in Poland and worldwide focuses on the high specialization of labour resources. Intellectual capital, accumulated within organizations (on a micro scale) or within countries (on a macro scale) is treated on an equal footing with other resources, such as classical: labour, land and (property) capital. The reasons for such a high valuation of intellectual capital can be seen in the general characteristics of this resource - it is an immaterial means of multiplying added value, the most important feature of which is limitlessness.
This article will present and analyze the possibility of improving the education system at the primary and secondary level in Polish schools. The subject matter of the work is to show the possibility of implementation of a specific concept improving the education system and to indicate the benefits and threats resulting from these actions. An additional topic of consideration is to find and explain the relationship between the individualization of student education and economic growth on a macro scale and to create econometric models that illustrate the relationships described in the paper.
{"title":"Korzyści Ekonomiczne Wynikające Z Usprawnienia Systemu Edukacji (Economic Benefits of Improving the Education System)","authors":"Przemysław Olędzki","doi":"10.2139/ssrn.3646963","DOIUrl":"https://doi.org/10.2139/ssrn.3646963","url":null,"abstract":"<b>Polish Abstract:</b> Współczesna rzeczywistość ekonomiczna oraz edukacyjna w Polsce i na świecie koncentruje się wokół wysokiej specjalizacji zasobów siły roboczej. Kapitał intelektualny, gromadzony wewnątrz organizacji (w skali mikro) lub wewnątrz państw (w skali makro) traktowany jest na równi z pozostałymi zasobami, takimi jak klasyczne: praca, ziemia i kapitał (majątkowy). Przyczyny tak wysokiego wartościowania kapitału intelektualnego można upatrywać w ogólnej charakterystyce tego zasobu – to niematerialny środek pomnażania wartości dodanej, którego najważniejszą cechą jest nieograniczoność. <br><br>W niniejszym artykule zostanie przedstawiona oraz przeanalizowana możliwość usprawnienia systemu edukacji na poziomie podstawowym oraz średnim w polskich szkołach. Problematyką pracy jest pokazanie możliwości implementacji określonej koncepcji usprawniającej system edukacji oraz wskazanie korzyści i zagrożeń wynikających z podjęcia owych działań. Dodatkowym tematem rozważań jest odnalezienie i wyjaśnienie związku między indywidualizacją edukacji uczniów a wzrostem gospodarczym w skali makro oraz stworzenie modeli ekonometrycznych, które zobrazują zależności opisane w pracy.<br><br><b>English Abstract:</b> The contemporary economic and educational reality in Poland and worldwide focuses on the high specialization of labour resources. Intellectual capital, accumulated within organizations (on a micro scale) or within countries (on a macro scale) is treated on an equal footing with other resources, such as classical: labour, land and (property) capital. The reasons for such a high valuation of intellectual capital can be seen in the general characteristics of this resource - it is an immaterial means of multiplying added value, the most important feature of which is limitlessness. <br><br>This article will present and analyze the possibility of improving the education system at the primary and secondary level in Polish schools. The subject matter of the work is to show the possibility of implementation of a specific concept improving the education system and to indicate the benefits and threats resulting from these actions. An additional topic of consideration is to find and explain the relationship between the individualization of student education and economic growth on a macro scale and to create econometric models that illustrate the relationships described in the paper.<br>","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125850487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-11DOI: 10.26643/gis.v15i1.17894
Gine Das Prena, Ketut Tanti Kustina
The focus and point of view on this study was the ability of organizational resources (research Base Value/RBV). It was related how the dynamic capability of an organization, especially the village credit institution from the intellectual capital perspective. This research was conducted to get a new update on how the unique configuration of intellectual capital can enhance the ability of companies to empower their dynamic capabilities in order to win the market for the micro finance sector in Bali. In order to identify and formulate the relationship between human capital, social capital, and organizational capital to dynamic capabilities. 109-
{"title":"Relationship of Intellectual Capital to Dynamic Capabilities in Village Credit Institutions","authors":"Gine Das Prena, Ketut Tanti Kustina","doi":"10.26643/gis.v15i1.17894","DOIUrl":"https://doi.org/10.26643/gis.v15i1.17894","url":null,"abstract":"The focus and point of view on this study was the ability of organizational resources (research Base Value/RBV). It was related how the dynamic capability of an organization, especially the village credit institution from the intellectual capital perspective. This research was conducted to get a new update on how the unique configuration of intellectual capital can enhance the ability of companies to empower their dynamic capabilities in order to win the market for the micro finance sector in Bali. In order to identify and formulate the relationship between human capital, social capital, and organizational capital to dynamic capabilities. \u0000109-","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"69 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126014139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Akbar Mukmin, H. Akib, Sulaiman Samad, A. Cahaya, La Ode Amijaya Kamaluddin
The urgency of research on entrepreneurship competence of high school principals based on creativity and innovation is based on the results of preliminary observations in the implementation of the main tasks and functions of actors who are not yet entrepreneurial, as expected in Minister of National Education Regulation No. 13 of 2007 concerning Standard Principals. This study aims to explain the mastery of the entrepreneurship competence of the principal. The research method used is descriptive-qualitative. Data was collected using observation techniques, questionnaires, interviews, focus group discussions and documentation. Data is processed and analyzed descriptively to be presented through a "bar chart". The result is the level of mastery of principals' entrepreneurial competency based on creativity and innovation of actors in high schools in Sinjai Regency is "high" seen from five aspects. High school/madrasah headmaster or principal ...: 1) Able to create innovations that are useful for the development of led organizations; 2) Work hard to achieve the success of Schools / Madrasas as effective learning organizations; 3) Having a strong motivation for success in carrying out their duties as School leaders; 4) Unyielding or always looking for the best solutions to the obstacles faced by Schools; 5) Having entrepreneurial instincts in managing school production/service activities as learning resources for students.
{"title":"Mastery of Principal Entrepreneurship Competencies in Senior High Schools in Sinjai Regency, Indonesia","authors":"Akbar Mukmin, H. Akib, Sulaiman Samad, A. Cahaya, La Ode Amijaya Kamaluddin","doi":"10.2139/ssrn.3513220","DOIUrl":"https://doi.org/10.2139/ssrn.3513220","url":null,"abstract":"The urgency of research on entrepreneurship competence of high school principals based on creativity and innovation is based on the results of preliminary observations in the implementation of the main tasks and functions of actors who are not yet entrepreneurial, as expected in Minister of National Education Regulation No. 13 of 2007 concerning Standard Principals. This study aims to explain the mastery of the entrepreneurship competence of the principal. The research method used is descriptive-qualitative. Data was collected using observation techniques, questionnaires, interviews, focus group discussions and documentation. Data is processed and analyzed descriptively to be presented through a \"bar chart\". The result is the level of mastery of principals' entrepreneurial competency based on creativity and innovation of actors in high schools in Sinjai Regency is \"high\" seen from five aspects. High school/madrasah headmaster or principal ...: 1) Able to create innovations that are useful for the development of led organizations; 2) Work hard to achieve the success of Schools / Madrasas as effective learning organizations; 3) Having a strong motivation for success in carrying out their duties as School leaders; 4) Unyielding or always looking for the best solutions to the obstacles faced by Schools; 5) Having entrepreneurial instincts in managing school production/service activities as learning resources for students.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132573549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In economics many articles are subjected to multiple rounds of refereeing at the same journal, which generates time costs of referees alone of at least $50 million. This process leads to remarkably longer publication lags than in other social sciences. We examine whether repeated refereeing produces any benefits, using an experiment at one journal that allows authors to submit under an accept/reject (fast-track or not) or the usual regime. We evaluate the scholarly impacts of articles by their subsequent citation histories, holding constant their sub-fields, authors' demographics and prior citations, and other characteristics. There is no payoff to refereeing beyond the first round and no difference between accept/reject articles and others. This result holds accounting for authors' selectivity into the two regimes, which we model formally to generate an empirical selection equation. This latter is used to provide instrumental estimates of the effect of each regime on scholarly impact.
{"title":"Is Scholarly Refereeing Productive (at the Margin)?","authors":"Aboozar Hadavand, D. Hamermesh, W. Wilson","doi":"10.3386/w26614","DOIUrl":"https://doi.org/10.3386/w26614","url":null,"abstract":"In economics many articles are subjected to multiple rounds of refereeing at the same journal, which generates time costs of referees alone of at least $50 million. This process leads to remarkably longer publication lags than in other social sciences. We examine whether repeated refereeing produces any benefits, using an experiment at one journal that allows authors to submit under an accept/reject (fast-track or not) or the usual regime. We evaluate the scholarly impacts of articles by their subsequent citation histories, holding constant their sub-fields, authors' demographics and prior citations, and other characteristics. There is no payoff to refereeing beyond the first round and no difference between accept/reject articles and others. This result holds accounting for authors' selectivity into the two regimes, which we model formally to generate an empirical selection equation. This latter is used to provide instrumental estimates of the effect of each regime on scholarly impact.","PeriodicalId":210669,"journal":{"name":"Labor: Human Capital eJournal","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132764083","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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