Is it Harder to Soar with Eagles When You Work with Turkeys?

10 Pages Posted: 17 Nov 2006

See all articles by Kevin J. Fox

Kevin J. Fox

UNSW Australia Business School, School of Economics

Ross Milbourne

University of Technology, Sydney

Abstract

Lucas (1988) modelled the productivity of workers as being a function not only of their own human capital but the human capital of the people with whom they work. Using individual data, this paper investigates whether there are such human-capital externalities. In particular, we look at the research output of academic economists, and ask whether research-output productivity is affected not just by individual human-capital factors, and institutional and funding factors, but additionally by productivity of those in the same academic department. Our findings are also of relevance to the literature on peer-group effects and the Bell Curve debate.

Suggested Citation

Fox, Kevin J. and Milbourne, Ross, Is it Harder to Soar with Eagles When You Work with Turkeys?. Australian Economic Papers, Vol. 45, No. 4, pp. 362-371, December 2006, Available at SSRN: https://ssrn.com/abstract=945494 or http://dx.doi.org/10.1111/j.1467-8454.2006.00299.x

Kevin J. Fox (Contact Author)

UNSW Australia Business School, School of Economics ( email )

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Ross Milbourne

University of Technology, Sydney ( email )

15 Broadway, Ultimo
Sydney 2007, New South Wales
Australia

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