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We look at how the arrival of an invention affects wage returns and probability of moving out of employment for white- and blue-collar coworkers of the inventor. First results suggest that older workers are hurt by the arrival of an invention. This negative effect disappears when we control for...
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education, innovation, and entrepreneurship to foster transformative businesses and achieve long-run economic growth …
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Innovation is typically a trial-and-error process. While some research paths lead to the innovation sought, others … that leads to an early abandonment of the risky project. We show that different types of firms follow different innovation …
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