Small and young businesses are essential for job creation, innovation, and economic growth. Even most of the superstar …

explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially …

firms. Our key finding is that standard innovation policies (e.g., uniform R&D tax credits) can accentuate the dynamic …

This paper investigates a unique policy designed to maintain employment during the privatization of East German firms … after the fall of the Iron Curtain. The policy required new owners of the firms to commit to employment targets, with … penalties for non-compliance. Using a dynamic model, we highlight three channels through which employment targets impact firms …

innovation--in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more … technologies. Carbon taxes and research subsidies may nonetheless encourage production and innovation in clean technologies, though … patents, and simulated method of moments using microdata on employment, production, R&D, firm growth, entry and exit from the …

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 …

Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the … characteristics, earnings, and employment dynamics of inventors. These linkages, which will be available to researchers with approved …

We look at how the arrival of an invention affects wage returns and probability of moving out of employment for white … invention. This negative effect disappears when we control for education and, in particular, for time that since obtaining the …