Time to Research? The Cyclicality of Time Use in R&D Among Private and Public Sector Workers

38 Pages Posted: 17 Dec 2017 Last revised: 10 Jun 2019

See all articles by Christos Makridis

Christos Makridis

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Date Written: June 8, 2019

Abstract

This paper investigates the cyclicality of time allocated towards research and development (R&D) activities. First, using longitudinal micro-data from 2000-2013, I find that time allocated towards research activities is highly procyclical among private sector employees, but countercyclical among public sector employees. These results are robust to a supplementary classification of R&D workers based O*NET occupational task concentrations matched with the American Time Use Survey from 2003-2017. Second, I find suggestive evidence that these asymmetric effects are the result of financing constraints in the private sector. Public sector workers, in contrast, exhibit greater stability in their response of time use to cyclical shocks.

Keywords: cyclicality, innovation, public and private sector, research & development

JEL Classification: J22, O31, O32, O38

Suggested Citation

Makridis, Christos, Time to Research? The Cyclicality of Time Use in R&D Among Private and Public Sector Workers (June 8, 2019). Available at SSRN: https://ssrn.com/abstract=3087060 or http://dx.doi.org/10.2139/ssrn.3087060

Christos Makridis (Contact Author)

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

100 Main Street
E62-416
Cambridge, MA 02142
United States

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