We develop a model of induced innovation where research effort is a function of the death rate, and thus the potential … innovation based on differences in disease prevalence across population subgroups (i.e. race). Our model yields three empirical … population as a whole, induced innovation leads to growth in mortality disparities between minority and majority groups. Using …

We develop a model of induced innovation that applies to medical research. Our model yields three empirical predictions … a whole, induced innovation leads to growth in mortality disparities between minority and majority groups. Using …

indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated …