innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … the number of patent per capita, innovativeness accounts on average across US states for around 17% of the total increase … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of …

Why is invention strongly positively correlated with parental income not only in the US but also in Finland which …

Aghion, Van Reenen and Zingales (2013) find that institutional ownership causes an increase in innovation as measured … by citation-weighted patent counts. To identify a causal effect, they use membership in the S&P 500 as an instrument for … ownership and innovation is robust in 22% of robustness checks. On average, 2nd stage z-scores were just 42.7% of the original …

significant: for example, when measured by the number of patent per capita, innovativeness accounts on average across US states … for around 17% of the total increase in the top 1% income share between 1975 and 2010. Yet, innovation does not appear to … increase other measures of inequality which do not focus on top incomes. Next, we show that the positive effects of innovation …

significant: for example, when measured by the number of patent per capita, innovativeness accounts on average across US states … for around 17% of the total increase in the top 1% income share between 1975 and 2010. Yet, innovation does not appear to … increase other measures of inequality which do not focus on top incomes. Next, we show that the positive effects of innovation …