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The takeaway: It now looks like the job-hopping within regional industry clusters may be a significant driver of productivity growth. The new finding is important because it helps clarify dynamics that have Port Brookings girls naked intuited for a while but that to date have not specified so clearly.

And yet, despite the plausibility of all these ideas, the discussion has remained a little vague and theoretical, albeit tantalizing. How exactly?

And how important are they? Tambe and Hitt set out to drill down on labor flow in a serious way, and they did it by exploiting a unique dataset derived from the employment histories of several hundred thousand U.

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These records represent the career movements of as much as one-sixth of the U. IT workforce over the last 20 years.

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As such they have produced the most detailed study to date of how labor flows drive knowledge spillovers using microdata on labor mobility. What did Tambe and Hitt find?

The upshot: IT labor flows appear to be the driving mechanism behind Port Brookings girls naked regional IT spillovers. In Horny Matera girls, the possibility of job switching and the high degrees of job-hopping in dense high-tech regions represents one of the prime attractions in a dense technology ecosystem.

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In view of these findings a lot of things begin to make sense. This is why in Google gave a 10 percent pay raise to all of its employees to slow the defection of staff to competitors and it is why tech firms have sought to woo new tech talent with signing bonuses and other perks.

On the negative side, it is why those big tech firms found it in their interest to collude Port Brookings girls naked anti-competitive ways. From a policy perspective, the importance of job-hopping to firm and regional productivity suggests that facilitating employee mobility might be an important way to stimulate growth.

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This may not be easy. As for all those millennials plotting their big move over drinks, they should go for it.

This piece first appeared at Ideas Lab. Related Books M.

The Avenue A broadband agenda for the eventual infrastructure bill Blair Levin. Infrastructure Girla a new marketplace for resilient infrastructure investment Joseph Kane and Adie Tomer. Post was not sent - check your email addresses!

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