In this paper we use cross-state panel data to show that top income inequality is (at least partly) driven by … innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … inequality in cross-state panel regressions. Two distinct instrumentation strategies suggest that this correlation (partly …

In this paper we use cross-state panel data to show a positive and significant correlation between various measures of … 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 …

In this paper we use cross-state panel data to show a positive and significant correlation between various measures of … 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 …

How do non-practicing entities ("Patent Trolls") impact innovation and technological progress? Although this question …", who exploit the patent system to extract rents and thereby hurt innovation. We employ unprecedented access to NPE …-derived patent and financial data, as well as a novel model that guides our data analysis. We find that NPEs acquire patents from …

How do non-practicing entities (“Patent Trolls”) impact innovation and technological progress? We employ unprecedented … innovation drops when patents are acquired by NPEs. Quantitatively, the overall impact of NPEs depends on the share of … access to NPE-derived patent and financial data and a novel model to answer this question. We find that NPEs tend to acquire …

How do non-practicing entities ("Patent Trolls") impact innovation and technological progress? Although this question …", who exploit the patent system to extract rents and thereby hurt innovation. We employ unprecedented access to NPE …-derived patent and financial data, as well as a novel model that guides our data analysis. We find that NPEs acquire patents from …