JEL classification: J41, J46, L26, O31
Keywords: contingent workforce, innovation incentive, human capital, entrepreneurship
학회소식
[2022년 5차 CAFM2022]Contingent Employment and Innovation
작성자 : 관리자
조회수 : 1558
게시일 :
2022-12-20
Using novel indirect employment data and a Supreme Court ruling against subcontracted employment, this paper shows that contingent employment of skilled labor reduces innovation. Innovation increases after establishments convert subcontracted workers into direct hires compared to the establishments that did not use subcontracted workers before the ruling. The nding is without a simultaneous increase in operating leverage, R&D, and capital intensity and conditional on compensation schemes that reward employees for their investment in rm-specic skills and long-term performance. New hires do not innovate more. New inventors, including former subcontracted workers, create more and better patents, yet only through collaboration with existing inventors, who also create more and better non-collaborative patents. Furthermore, a positive spillover follows that innovation-associated voluntary employee departure increases.
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