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 …