Reaching for the Stars: Who Pays for Talent in Innovative Industries?
研究创新行业如何通过薪酬结构吸引和激励顶尖人才，发现高回报潜力的软件企业为明星员工支付更高起薪和更快薪酬增长。
Innovative firms need to hire and motivate highly talented workers. This article connects the potential returns to innovation to the structure of compensation for skilled employees. We show that the software firms that operate in software sectors with high potential upside gains to innovation pay more to 'star' workers than do other firms that operate in stable markets. Firms operating in product domains with highly skewed positive returns pay employees more in up-front starting salaries and offer higher compensation growth. The large estimated effects on earnings are robust to the inclusion of a wide range of controls for worker and firm characteristics. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009.