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Many countries provide financial incentives to spur innovation, ranging from tax incentives to research and development grants. In this paper, we study how such financial incentives affect individuals' decisions to pursu...Read more...
Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen
24 January 2019
In this paper, we merge three datasets - individual income data, patenting data, and IQ data - to analyze the deterninants of an individual’s probability of inventing. We find that: (i) parental income matters even after...Read more...
Philippe Aghion, Ufuk Akcigit, Ari Hyytinen and Otto Toivanen
12 December 2017
Ethnic inventors play important roles in US innovation systems, especially in high-tech regions like Silicon Valley. Do ‘ethnicity-innovation’ channels exist elsewhere? This paper investigates, using a new panel of UK pa...Read more...
11 October 2011