Information Frictions and Employee Sorting Between Startups

We thank David Autor, Shai Bernstein, Nick Bloom, Claudine Gartenberg, Matt Gentzkow, Jonah Rockoff, Kathryn Shaw, Chris Stanton, and especially Michèle Belot and Alan Benson for helpful comments. We are also grateful to numerous seminar and conference participants. We thank Daphné Baldassari for outstanding research assistance. Special thanks in memoriam to Dr. Peter Wittek for his kind assistance. We thank the anonymous science-based entrepreneurship program (SEP) for its collaboration and generous assistance in conducting the RCTs. The study and a pre-analysis plan were registered with the AEA RCT registry under ID AEARCTR-0004242. Our pre-analysis plan is viewable on the AEA RCT registry. We thank the Social Science Prediction Platform for their help in designing the economist expert survey. Two of the authors have performed paid work for SEP on topics unrelated to hiring and the workforce. Financial support from SSHRC and the Strategic Innovation Fund is gratefully acknowledged. We are deeply grateful to the Creative Destruction Lab for its support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• data appendix

• September 6, 2022