We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

Innovation is often predicated on discovering useful new combinations of existing knowledge in highly complex knowledge …, and particle physics. We develop a combinatorial-based knowledge production function and embed it in the classic Jones …. This production function is a generalization (and reinterpretation) of the Romer/Jones knowledge production function …

own retirement security, this lack of knowledge has serious implications …

showed that financial literacy is low among the young; fewer than one-third of young adults possess basic knowledge of …

knowledge acquired in school - before entering the labor market and certainly before starting to plan for retirement. Results … show that those with more advanced financial knowledge are those more likely to be retirement-ready …

location, which has been taken as evidence of geographically localized knowledge spillovers. In this study, we find that patent … in question, which we interpret as evidence of a significant role played by social capital in promoting knowledge … find strong evidence in support of the enduring social capital hypothesis; social ties that facilitate knowledge transfer …

We conduct the first empirical test of the knowledge burden hypothesis, one of several theories advanced to explain … increasing team sizes in science. For identification, we exploit the collapse of the USSR as an exogenous shock to the knowledge …

have, on average, positive causal treatment effects on financial knowledge and downstream financial behaviors. Treatment …