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Wages in high-tech start-ups Do academic spin-offs pay a wage premium?

Citation

Dorner, M and Fryges, H and Schopen, K, Wages in high-tech start-ups - Do academic spin-offs pay a wage premium?, Research Policy: A Journal Devoted to Research Policy, Research Management and Planning, 46, (1) pp. 1-18. ISSN 0048-7333 (2017) [Refereed Article]


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DOI: doi:10.1016/j.respol.2016.09.002

Abstract

Due to their origin in universities, academic spin-offs operate at the forefront of technological development. Therefore, academic spin-offs exhibit a skill-biased labour demand, i.e. academic spin-offs have a high demand for employees with cutting-edge knowledge and technical skills. In order to accommodate this demand, academic spin-offs may have to pay a relative wage premium compared to other high-tech start-ups. However, neither a comprehensive theoretical assessment nor the empirical literature on wages in start-ups unambiguously predicts the existence and the direction of wage differentials between academic spin-offs and non-spin-offs. This paper addresses this research gap and examines empirically whether or not academic spin-offs pay their employees a wage premium. Using a unique linked employer employee data set of German high-tech start-ups, we estimate Mincer-type wage regressions applying the Hausman-Taylor panel estimator. Our results show that academic spin-offs do not pay a wage premium in general. However, a notable exception to this general result is that academic spin-offs that commercialise new scientific results or methods pay a wage premium to employees with links to the university sector either as university graduates or as student workers.

Item Details

Item Type:Refereed Article
Keywords:wages, high-tech start-ups, academic spin-offs, linked employer-employee data
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Organisational Planning and Management
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Industry Policy
Author:Fryges, H (Dr Helmut Fryges)
ID Code:122323
Year Published:2017
Deposited By:Australian Innovation Research Centre
Deposited On:2017-11-09
Last Modified:2017-11-09
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