Returns to Teamwork and Professional Networks: Evidence from Economic Research

Teamwork is growing in developed economies, and workers in teams are increasingly compensated according to team output. Because parsing individual contributions to teamwork is difficult, I focus on scholarly economics research, which lists contributing authors. I use turnover to identify team value-added: an author’s average output quality conditional on the value-added of coauthors. Linking the universe of scholarly economic research output to publicly available payroll records, I study the effect of value-added on salaries. Strikingly, coauthors’ value-added has a greater effect on salaries than does own value-added, suggesting the value of professional networks dominates the effect of discounting contributions based on coauthor quality. Moreover, authors are compensated for the solo-authored output of their coauthors – which can not be reasonably attributed to them – demonstrating the value of professional networks.

Microsoft Word – WP21_01.doc (ucd.ie)

Working papers

Works in progress

  • Stocking up or Putting off? Intertemporal Substitution versus Procrastination in Transitory Health Spending, joint with Margaret Samahita
  • Local Labour Market Concentration and the Firm-size/Concentration Puzzle in Ireland, joint with Lucy Liu and Zuzanna Studnicka
  • Gender and Collaborative Strategies: Evidence from Professional Tennis, joint with K. Peren Arin
  • Asymmetries and Nonlinearities in Firm Level Responses to Fiscal Shocks, joint with K. Peren Arin and Mieszko Mazur