Team-Specific Human Capital and Team Performance: Evidence from Doctors Yiqun Chen Pre-Doctoral Student, Stanford Health Policy Advisor: David Chan, MD, PhD
Abstract: This paper studies whether team members' past collaboration creates team-specific human capital and influences current team performance. Using administrative Medicare claims of two heart procedures, I find that shared work experience between the doctor who performs the procedure (proceduralist) and the doctor(s) who provide(s) care to the patient during the hospital stay for the procedure (physician(s)) reduces patient mortality rates. A one standard deviation increase in proceduralist-physician shared work experience leads to a 10-13 percent reduction in patient 30-day mortality. Patient medical resource use also significantly declines with shared work experience. In further evidence, I find that although general human capital acquired through individual work experience can substitute for team-specific human capital created by shared work experience, the extent of the substitution is small.
Yiqun Chen graduated with Bachelor's degree in medicine and in economics from Peking University, China and had her master's study in economics at Duke University. Her research interests lie in health economics and health reform in both U.S. and China.