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“Good” Firms, Worker Flows, and Local Productivity

Serafinelli, Michel (2019) '“Good” Firms, Worker Flows, and Local Productivity.' Journal of Labor Economics, 37 (3). 747 - 792. ISSN 0734-306X

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Abstract

This paper is the first to present direct evidence showing how localized knowledge spillovers arise from workers changing jobs within the same local labor market. Using a unique data set combining Social Security earnings records and balance sheet information for the Veneto region of Italy, I first identify a set of highly productive firms, then show that hiring workers with experience at these firms significantly increases the productivity of other firms. My findings imply that worker flows explain around 10% of the productivity gains experienced by incumbent firms when new highly productive firms are added to a local labor market.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Elements
Date Deposited: 28 Nov 2019 09:45
Last Modified: 04 Sep 2020 09:06
URI: http://repository.essex.ac.uk/id/eprint/25954

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