How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes … about the links between talent, higher education, and innovation. We use these facts to calibrate the model and study … when combined with higher education policy that alleviates financial frictions for talented youth. Education and innovation …

the many margins through which tax policies can affect innovation, the main driver of economic growth in the long …-run. These margins include the impact of tax policy on i) the quantity and quality of innovation; ii) the geographic mobility of … innovation and inventors across U.S. states and countries; iii) the declining business dynamism in the U.S., firm entry, and …

This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … neighboring counties in different states. We find that taxes matter for innovation: higher personal and corporate income taxes …. Agglomeration effects from local innovation clusters tend to weaken responsiveness to taxation. Corporate inventors respond more …

How do non-practicing entities (“Patent Trolls”) impact innovation and technological progress? We employ unprecedented … innovation drops when patents are acquired by NPEs. Quantitatively, the overall impact of NPEs depends on the share of …

Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their … confirm using a regression discontinuity design. We build a firm dynamics model, where we allow firms to invest in innovation …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … innovation. It features the joint selection of firms into innovation and international market participation (in our model, we … for innovation …

entrant or incumbent firm. If the inventor works for the entrant the innovation is implemented and the entrant displaces the …

innovations - innovations that break new ground in terms of knowledge creation. After presenting a motivating model focusing on … the choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted …. Our measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity …

innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …