Arbeitspapier
Wages in high-tech start-ups: Do academic spin-offs pay a wage premium?
Due to their origin from universities, academic spin-offs operate at the forefront of the technological development. Therefore, spin-offs exhibit a skill-biased labour demand, i.e. spin-offs have a high demand for employees with cutting edge knowledge and technical skills. In order to accommodate this demand, 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 spin-offs and non-spin-offs. This paper addresses this research gap and examines empirically whether or not 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 spin-offs do not pay a wage premium in general. However, a notable exception from this general result is that spin-offs that commercialise new scientific results or methods provide higher wages to employees with linkages to the university sector - either as university graduates or as student workers.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 15-038
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Entrepreneurship
New Firms; Startups
Intellectual Property and Intellectual Capital
- Thema
-
wages
high-tech start-ups
academic spin-offs
linked employer-employee data
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dorner, Matthias
Fryges, Helmut
Schopen, Kathrin
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2015
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-394513
- Letzte Aktualisierung
-
10.03.2025, 11:46 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dorner, Matthias
- Fryges, Helmut
- Schopen, Kathrin
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2015
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