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Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful...
Persistent link: https://www.econbiz.de/10012453226
Great scientific output typically peaks in middle age. A classic literature has emphasized comparisons across fields in the age of peak performance. More recent work highlights large underlying variation in age and creativity patterns, where the average age of great scientific contributions has...
Persistent link: https://www.econbiz.de/10012458797
Teamwork pervades modern economies, yet teamwork can make individual roles difficult to ascertain. In the sciences, the canonical "Matthew Effect" suggests that eminent team members garner credit for great works at the expense of less eminent team members. We study this phenomenon in reverse,...
Persistent link: https://www.econbiz.de/10012459173
Climate change is an externality problem—so the challenges that arise in limiting it and dealing with the effects that remain are largely fiscal. The structure of the problem, however, and the uncertainty which surrounds it, make the design of proper policy responses particularly complex. This...
Persistent link: https://www.econbiz.de/10010988682
What are the individual rewards to working in teams? This question extends across many production settings but is of long-standing interest in science and innovation, where the "Matthew Effect" suggests that eminent team members garner credit for great works at the expense of less eminent team...
Persistent link: https://www.econbiz.de/10010951262
This paper provides a primer on the fiscal implications of climate change, in particular the policies for responding to it. Many of the complicated challenges that arise in limiting climate change (through greenhouse gas emissions mitigation), and in dealing with the effects that remain (through...
Persistent link: https://www.econbiz.de/10009421462
Amid a still fragile economic environment, and rising concerns about deteriorating environmental conditions, policy-makers are examining the potential for new sources of environmentally sustainable growth and job creation. A "green economy" has emerged as an important concept linking economic...
Persistent link: https://www.econbiz.de/10009366033