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A Year Older, A Year Wiser (and Farther from Frontier) : Invention Rents and Human Capital Depreciation
Aghion, Philippe; Akcigit, Ufuk; Hyytinen, Ari; … - National Bureau of Economic Research - 2022
We look at how the arrival of an invention affects wage returns and probability of moving out of employment for white- and blue-collar coworkers of the inventor. First results suggest that older workers are hurt by the arrival of an invention. This negative effect disappears when we control for...
Persistent link: https://www.econbiz.de/10013172162
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Optimal Capital Versus Labor Taxation with Innovation-Led Growth
Aghion, Philippe - 2013
innovation-led growth into the Chamley-Judd framework, using a Schumpeterian growth model where productivity … on the market size for innovation. At the same time, for a given labor supply, taxing capital also reduces innovation …
Persistent link: https://www.econbiz.de/10012459575