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Bombs, brains, and science : the role of human and physical capital for the creation of scientific knowledge [pre-print]

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Waldinger, Fabian (2012) Bombs, brains, and science : the role of human and physical capital for the creation of scientific knowledge [pre-print]. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2012 (Number 78).

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Abstract

This paper analyzes the effects of human capital (HC) and physical capital (PC) for
the productivity of science departments. To address the endogeneity of input choices I
use two extensive but temporary shocks to the HC and PC of science departments. As
HC shock I use the dismissal of mostly Jewish scientists in Nazi Germany. As PC shock I
use the destruction of facilities by Allied bombings during WWII. In the short run, a 10
percent to HC lowered departmental productivity by about 0.21sd. A 10 percent shock
to PC lowered departmental productivity by about 0.05sd in the short run. While the
HC shock persisted until the end of my sample period (1980), departments experiencing
a PC shock recovered very quickly (by 1961). Additional results show that the dismissal
'star scientists' was particularly detrimental, and that a fall in the quality of hires was an
important mechanism for the persistence of the HC shock.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions
Q Science > Q Science (General)
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Human capital -- Germany, Scientists -- Germany, Economics -- Mathematical models, Research -- Evaluation, Research -- History
Series Name: CAGE Online Working Paper Series
Publisher: Department of Economics, University of Warwick
Place of Publication: Coventry, UK
Official Date: March 2012
Dates:
DateEvent
March 2012Published
Volume: Volume 2012
Number: Number 78
Number of Pages: 55
Institution: University of Warwick
Status: Not Peer Reviewed
Publication Status: Published
Access rights to Published version: Open Access (Creative Commons)
Date of first compliant deposit: 1 August 2016
Date of first compliant Open Access: 1 August 2016
Version or Related Resource: Waldinger, Fabian (2011). Bombs, brains, and science : the role of human and physical capital for the creation of scientific knowledge. Invited Speaker : Seminars on Labor Research. Berlin, Germany, 14 Dec 2011. ttp://wrap.warwick.ac.uk/id/eprint/45053
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