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The paper studies the patent productivity of scientists over their life cycle. The incentives for patenting and for … publishing are compared and how they shape life cycle productivity. In most empirical studies, publication productivity decreases … productivity over the life time. In the empirical part the patents of nearly 1000 German patent active professors are analyzed. The …
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average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant … does not fall as fast as productivity does. A dynamic model of labor quality and quantity choice by plants is estimated to …
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The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
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Conventional estimators based on the consumption Euler equation, intensively used in studies of intertemporal consumption behavior, produce biased estimates of the effect of children on the marginal utility of consumption if consumers face credit constraints. As a more constructive contribution,...
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