The paper analyzes the existence and impact of financing constraints as a possibly serious obstacle to innovation by … direct indicators of financial constraints and innovation decisions by firms. A novel method for establishing coherency … well as reverse interaction effects, leading us to conclude that binding financing constraints discourage innovation and at …

innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of … inequality which do not focus on top incomes, and that innovation is positively correlated with social mobility, but less so in …