Narrow search
Showing 1 - 2 of 2
Cover Image
Missing Growth from Creative Destruction
Aghion, Philippe - 2017
Statistical agencies typically impute inflation for disappearing products based on surviving products, which may result in overstated inflation and understated growth. Using U.S. Census data, we apply two ways of assessing the magnitude of “missing growth” for private nonfarm businesses from...
Persistent link: https://www.econbiz.de/10012941873
Cover Image
Innovation and Top Income Inequality
Aghion, Philippe - 2015
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 …
Persistent link: https://www.econbiz.de/10013021154