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A Penny for Your Thoughts
Hanlon, W. Walker; Heblich, Stephan; Monte, Ferdinando; … - National Bureau of Economic Research - 2022
How do communication costs affect the production of new ideas and inventions? To answer this question, we study the introduction of the Uniform Penny Post in Great Britain in 1840. This reform replaced the previous system of expensive distance-based postage fees with a uniform low rate of one...
Persistent link: https://www.econbiz.de/10013210104
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Preparing for the (Non-Existent?) Future of Work
Korinek, Anton; Juelfs, Megan - National Bureau of Economic Research - 2022
This paper considers the labor market and distributional implications of a scenario of ever-more-intelligent autonomous machines that substitute for human labor and drive down wages. We lay out three concerns arising from such a scenario and evaluate recent predictions and objections to these...
Persistent link: https://www.econbiz.de/10013334391
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Caught In The Middle : The Bias Against Startup Innovation With Technical And Commercial Challenges
Arora, Ashish; Fosfuri, Andrea; Rønde, Thomas - National Bureau of Economic Research - 2022
Startups in IT and life sciences appear to be flourishing. However, startups in other sectors, such as new materials, automation, and eco-innovations, which are often called "deep tech", seem to struggle. We argue that innovations with both technical and commercial challenges, typical of deep...
Persistent link: https://www.econbiz.de/10012814429
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Innovation-Driven Entrepreneurship
Botelho, Tristan L.; Fehder, Daniel; Hochberg, Yael V. - National Bureau of Economic Research - 2021
Entrepreneurship is thought to be a key driver of economic growth. While there are myriad forms of entrepreneurship … research provides evidence that the relationship between entrepreneurship and economic growth is driven not by overall quantity …-driven. This paper provides a survey of the growing literature on the economics of such innovation-driven entrepreneurship. We …
Persistent link: https://www.econbiz.de/10012599280