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 …

choice between incremental and radical innovation, and on how managers of different ages and human capital are sorted across … measures of creative innovations proxy for innovation quality (average number of citations per patent) and creativity (fraction …

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 …

This paper studies the effect of corporate and personal taxes on innovation in the United States over the twentieth … century. We use three new datasets: a panel of the universe of inventors who patent since 1920; a dataset of the employment … neighboring counties in different states. We find that taxes matter for innovation: higher personal and corporate income taxes …

How do non-practicing entities (“Patent Trolls”) impact innovation and technological progress? We employ unprecedented … innovation drops when patents are acquired by NPEs. Quantitatively, the overall impact of NPEs depends on the share of …

-dimensional connections between globalization and innovation. We develop a model that features many of those mechanisms that connect trade and … innovation. It features the joint selection of firms into innovation and international market participation (in our model, we … for innovation …

controlling for parental education; (ii) instrumenting for the parents having a MSc-degree using distance to nearest university … reveals a large causal effect of parental education on offspring probability of inventing; and (iii) the causal effect of … parental education has been markedly weakened by the introduction in the early 1970s of a comprehensive schooling reform …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their … innovate. In addition, political connections relate to a higher rate of survival, as well as growth in employment and revenue …