18 June 2018
China’s high speed rail (HSR) network reduces the cost of face-to-face interactions between skilled workers who work in different cities. Xiaofang Dong
, Siqi Zheng
, and Matthew E. Kahn
find that skilled workers’ productivity rises when secondary cities are connected by bullet train to major cities, where the best universities are located.
15 June 2018
and John M. de Figueiredo
find that workers who join the federal civil service during recessions earn more, over the long term, than those who join during better economic times. This finding is contrary to results of studies of private sector workers; the researchers suggest it may be due to cyclical changes in the occupational mix of new hires or to the match of workers to their jobs.
14 June 2018
Most patents originating from failed startups are sold quickly and retain value beyond the original venture and team Carlos J. Serrano
and Rosemarie Ziedonis
find. The patents tend to be purchased by other operating companies in the same sector and sometimes patents and people move jointly from the original venture to a new organization.