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CEP discussion paper
Do tax cuts produce more Einsteins? The impacts of financial incentives vs. exposure to innovation on the supply of inventors

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

CEP discussion paper
The social origins of inventors

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

SERC/Urban and Spatial Programme Discussion Paper
Ethnic Inventors, Diversity and Innovation in the UK: Evidence from Patents Microdata

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...

Max Nathan

11 October 2011