Maliranta, Mika (contributor); Mohnen, Pierre A. (contributor) - 2008
simultaneously. It is shown that higher mobility does not necessarily reduce R&D
investment and that it generally promotes productivity growth. Due to the opposing external
effects …. It is indeed found that technical staff in R&D‐intensive firms have lower wages early
in their careers and later earn returns on their implicit investment in the form of higher
wages. “These findings suggest that the potential … compensated for the input. We make every effort to explicitly identify and isolate one
potential channel of knowledge spillovers, namely inter‐firm labor mobility. We device a
setting where the potential …