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- W813560033 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." @default.
- W813560033 created "2016-06-24" @default.
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- W813560033 date "2017-02-01" @default.
- W813560033 modified "2023-09-27" @default.
- W813560033 title "Wages in high-tech start-ups – Do academic spin-offs pay a wage premium?" @default.
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- W813560033 doi "https://doi.org/10.1016/j.respol.2016.09.002" @default.
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