Using two independent exogenous shocks, we investigate whether the opioid epidemic affects labor and innovation even … when personal addiction is not the main driver. Exploiting a setting of corporate innovation where production is mostly … declines in innovation. Second, legislations limiting opioid prescriptions lead to increases in innovation. A plausible channel …

We perform an econometric investigation of the contribution of pharmaceutical innovation to mortality reduction and … pharmaceutical innovation, there would have been no increase and perhaps even a small decrease in mean age at death, and that new … drugs have increased life expectancy, and lifetime income, by about 0.75-1.0% per annum. The drug innovation measures are …

understanding of the role of medical innovation in this process. Specifically, what are the causal effects of medical innovation on … medical innovation and test the model’s implications empirically. We show that a causal pathway from medical innovation to … following way: in early stages of development, medical innovation does not have a positive effect on economic growth, whereas in …

longevity increased more in some states than in others?” One of the conclusions I drew from that study was that medical … innovation accounts for a substantial portion of recent increases in U.S. life expectancy. Baker and Fugh-Berman claim that my … study was subject to a number of major methodological flaws. Many of their claims pertain to the role of infant mortality …

reduction in mortality is in line with the results from RACTs and with studies that had more detailed clinical data. We also …