Group formation tends to involve peer effects. I provide a new sufficient condition for the non-emptiness of the core of network formation games that involve pairwise complementarities between peers.…Read More
Mack Institute’s global network members shared insights into emerging technology, human capital, supply chains, and more at the 2020 Partner Roundtable.…Read More
Using data on employer job search, this study demonstrates that employers are seeking algorithmic literacy from workers in a particularly broad class of occupations because familiarity with algorithms in downstream “using” occupations is important for integrating AI and data science into production. …Read More
This paper addresses the recent trend of offering unlimited vacation to employees. While potentially useful for acquiring human capital benefits, unlimited vacation is a risky perk for firms due to the possibility of abuse.…Read More
We will examine the cost of inventor mobility from a talent poaching perspective. It is either prohibitively costly or impossible to contract over all states of the world (Grossman and Hart, 1986; Tirole, 1999).…Read More
Skilled immigration restrictions may have secondary consequences that have been largely overlooked in the immigration debate: multinational firms faced with visa constraints have an offshoring option, namely, hiring the labor they need at their foreign affiliates.…Read More
We study the association of spending per employee with startup firm survival. Our theory model posits that entrepreneur’s knowledge defines the complex decision process of combining human and non-human inputs to increase firm value. …Read More
Data-analytics technology can accelerate the innovation process by enabling existing knowledge to be identified, accessed, combined, and deployed to address new problem domains.…Read More
As a new general-purpose technology, robots have the potential to radically transform industries and affect employment. Preliminary empirical studies using industry and geographic region-level data have shown that robots differ from prior general-purpose technologies and predict substantial negative effects on employment.…Read More
The management view of human capital as a source of sustained competitive advantage
has driven research on how strategic human resource practices affect organizational performance. This paper focuses on how a firm’s time-off policy can be a source of competitive advantage in entrepreneurial settings, particularly for innovation.…Read More
The Mack Institute’s Fall Conference 2018 examined how a welter of emerging technologies are transforming not only the way we work, but how and whom we hire.…Read More
A well-known maxim in management is that “your people are your greatest asset”. Recruitment strategies in particular have been linked to firms’ innovative capacity, emphasizing the importance of maintaining competitive advantages in HR as a key goal of effective innovation management. …Read More
Dennis Carey (Vice Chairman, Korn Ferry) discusses his new book, “Talent Wins: The New Playbook for Putting People First,” about the key strategic role he believes human resources can play.…Read More
Erica Volini, U.S. Human Capital Leader at Deloitte, discusses the organizational pressures digital technologies are putting on firms across sectors.…Read More
In knowledge-based industries, continuous human-capital investments are essential for firms to enhance capabilities and sustain competitive advantage. However, such investments present a dilemma for firms, because human resources are mobile.…Read More
Does intensive internal training of employees lead to higher profits? In knowledge-based industries where the main asset is skilled professionals such as software engineers, the answer is yes, according to Senior Fellow Joydeep Chatterjee. But not all training yields equal benefits.…Read More
