"Knowledge spillovers" are IRL meetings that can expand your network or help you learn new things.
Economists define knowledge spillovers as serendipitous meetings — on the bus or in a bar, for example — that can expand your professional network or help you learn new things.
It's one reason big cities have been "underappreciated" during the pandemic, says economist Enrico Moretti.
AdvertisementA 2022 study on knowledge spillovers in Silicon Valley cited the work of developer AnnaLee Saxenian, stating that "frequent face-to-face interactions, and the knowledge flows that resulted, were a large part of what made Silicon Valley the dominant technology hub it is today."
You can read more about the professional benefits to living in a big city right here.
Persons:
—, Insider's Aki Ito, Enrico Moretti, AnnaLee
Organizations:
Service
Locations:
Silicon Valley