I study how scientists respond to interruptions in the flow of their research funding, focusing on research grants at the National Institutes of Health (NIH), which awards multi-year, renewable grants. However, there can be delays during the renewal process. Over a period beginning three months before and ending one year after these delays, I find that interrupted labs reduce overall spending by 50% but over 90% in the month with the largest decrease. This change in spending is mostly driven by a decrease in payments to employees that is partially mitigated when scientists have other grants to draw on.
Copyright: © 2023 Wei Yang Tham. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.