Job-Hopping in Silicon Valley : Some Evidence Concerning the Micro-Foundations of a High Technology Cluster

@inproceedings{Fallick2005JobHoppingIS,
  title={Job-Hopping in Silicon Valley : Some Evidence Concerning the Micro-Foundations of a High Technology Cluster},
  author={Bruce Chelimsky Fallick and Charles A. Fleischman and James B. Rebitzer},
  year={2005}
}
Job-Hopping in Silicon Valley: Some Evidence Concerning the Micro-Foundations of a High Technology Cluster In Silicon Valley’s computer cluster, skilled employees are reported to move rapidly between competing firms. This job-hopping facilitates the reallocation of resources towards firms with superior innovations, but it also creates human capital externalities that reduce incentives to invest in new knowledge. Using a formal model of innovation we identify conditions where the innovation… CONTINUE READING
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