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 …

materials. However, increasing industry funding of research can restrict the dissemination of results and materials. We show … scientists who receive industry funding are twice as likely to deny requests for research inputs as those who do not. Receiving …, however, 50% more likely to be denied access to research materials by others, but this is not affected by being funded …

materials. However, increasing industry funding of research can restrict the dissemination of results and materials. We show … scientists who receive industry funding are twice as likely to deny requests for research inputs as those who do not. Receiving …, however, 50% more likely to be denied access to research materials by others, but this is not affected by being funded …

materials. However, increasing industry funding of research can restrict the dissemination of results and materials. We show … scientists who receive industry funding are twice as likely to deny requests for research inputs as those who do not. Receiving …, however, 50% more likely to be denied access to research materials by others, but this is not affected by being funded …

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable … sharp reduction in the firm's innovation response to exogenous demand shocks for firms just below the regulatory threshold …. We then quantitatively fit the parameters of the model to the data, finding that innovation at the macro level is about 5 …

recipients' investment is less sensitive to internal liquidity. -- Research and development ; liquidity constraints ; innovation …&D activities in its components, "R" and "D". In particular, we distinguish research from development as these activities do not … for financing their research compared to development activities. Moreover, we find that (basic) research subsidy …