The contribution to human and social capital accumulation is one of the most important socio-economic benefits of public investment in Research Infrastructures. Sure enough, these large scientific enterprises are exceptional incubators of human and social capital, especially for early-career researchers who have the opportunity to gain new skills and expand their network of contacts in highly prestigious and challenging workplaces. This paper explores the contribution of spending a period of study and/or work at the Large Hadron Collider of CERN to the expected future lifelong salary of early-career researchers. Previous studies are here extended by using three sources of data: primary data collected through a survey to CERN Alumni, a survey to team leaders who supervised early-career researchers at CERN, and secondary data salary information. Findings show that an experience-based learning process at CERN is instrumental in developing skills that are needed by the economy and reveal an expected salary premium between 5% and 11%. Such human capital effect seems more important than a pure networking and reputational effect.
Human and social capital accumulation within research infrastructures: The case of CERN / G. Catalano, F. Giffoni, V. Morretta. - In: ANNALS OF PUBLIC AND COOPERATIVE ECONOMICS. - ISSN 1370-4788. - 92:3(2021 Sep), pp. 473-496. [10.1111/apce.12317]
Human and social capital accumulation within research infrastructures: The case of CERN
G. CatalanoPrimo
;V. Morretta
Ultimo
2021
Abstract
The contribution to human and social capital accumulation is one of the most important socio-economic benefits of public investment in Research Infrastructures. Sure enough, these large scientific enterprises are exceptional incubators of human and social capital, especially for early-career researchers who have the opportunity to gain new skills and expand their network of contacts in highly prestigious and challenging workplaces. This paper explores the contribution of spending a period of study and/or work at the Large Hadron Collider of CERN to the expected future lifelong salary of early-career researchers. Previous studies are here extended by using three sources of data: primary data collected through a survey to CERN Alumni, a survey to team leaders who supervised early-career researchers at CERN, and secondary data salary information. Findings show that an experience-based learning process at CERN is instrumental in developing skills that are needed by the economy and reveal an expected salary premium between 5% and 11%. Such human capital effect seems more important than a pure networking and reputational effect.File | Dimensione | Formato | |
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