The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors … into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium … finance. More innovative sectors and sectors exhibiting lower labor-transition costs face a higher reallocation of skilled …

We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography …, growth and regional inequality. We provide conditions for existence and uniqueness of a spatial equilibrium, and for the …. Narrowing the gap in knowledge spillovers across regions raises growth, and reduces regional inequality by making firms more …

productive and active VC industry boosts innovation driven growth. …The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists …

We study an endogenous growth model where a profit-motivated R and D sector coexists with the introduction of free … by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it … may even reduce welfare. The reason is that it crowds out proprietary innovation which on net may reduce total innovation …

information on mergers and firm-level multimarket production and innovation within the semiconductor industry. Using the pairwise …