Fallick, Bruce; Fleischman, Charles A.; Rebitzer, James B. - Federal Reserve Board (Board of Governors of the … - 2005
human capital externalities that reduce incentives to invest in new knowledge. Outside of California, employers can use non …-compete agreements to reduce mobility costs, but these agreements are unenforceable under California law. Until now, the claim of "hyper …. Mobility rates in other California computer clusters are similar to Silicon Valley's, suggesting some role for state laws …