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The growing finance wage premium is related to a modest net reallocation of skilled workers from non-finance sectors into finance in a broad sample of 24 countries over 35 years. The reallocation is higher when the finance wage premium grows faster than the contribution of the financial sector...
Persistent link: https://www.econbiz.de/10011815776
Empirical studies have uncovered an inverted-U relationship between product-market competition and innovation. This is … inconsistent with the original Schumpeterian Model, where greater competition reduces the profitability of innovation. We show that …
Persistent link: https://www.econbiz.de/10011815841
We analyse how spatial disparities in innovation activities, coupled with migration costs, affect economic geography …
Persistent link: https://www.econbiz.de/10011815844
Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger...
Persistent link: https://www.econbiz.de/10012269458
supply on automation innovation by exploiting an immigrant placement policy in Germany during the 1990s and 2000s. Difference …-in-differences estimates indicate that one additional worker per 1,000 manual and unskilled workers reduces automation innovation by 0 …-skilled workers. Labor market tightness and external demand are plausible mechanisms for the labor-innovation nexus. …
Persistent link: https://www.econbiz.de/10012269480
In a Cournot oligopoly set up with constant marginal cost and linear demand, innovation is rewarding. In this paper we … work with a Cournot oligopoly framework with increasing marginal cost and linear demand and show that innovation may not be … interaction we attempt to capture and explain is the one of technology with the possibility of innovation via the intensity of …
Persistent link: https://www.econbiz.de/10012269594
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? We match data on notable individuals born in Europe between the XIth and the XIXth century with historical city data. The production and...
Persistent link: https://www.econbiz.de/10012582036
We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …
Persistent link: https://www.econbiz.de/10012582085
text of 1.7M syllabi and 20M academic articles, we construct the “education-innovation gap,” a syllabus’s relative …
Persistent link: https://www.econbiz.de/10013266618
Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but …
Persistent link: https://www.econbiz.de/10012657895