Cozzi, Guido; Impullitti, Giammario - In: Journal of the European Economic Association 8 (2010) 6, pp. 1325-1358
In this paper we argue that government spending played a significant role in stimulating the wave of innovation that hit the U.S. economy in the late 1970s and in the 1980s, as well as the simultaneous increase in inequality and in education attainments. Since the late 1970s U.S. policymakers...
