A well-supported conclusion of previous research is that displacement entails large and persistent costs for workers. It therefore seems reasonable to expect workers to try to anticipate and respond to the risk of displacement. Using 1983-93 data from the Panel Survey of Income Dynamics and the...

Purpose – This study asks whether working in a R&D intensive industry affects a worker's wage profile. If R&D investment translates into transferable human capital or knowledge, workers' mobility constitutes a negative externality from the point of view of the firm/industry that bears the cost...