innovation, with various implications for inequality. First, we characterize several market mechanisms whereby higher rates of … innovation lead to higher inequality. Second, we highlight channels whereby inequality acts as an impediment to innovation and … growth. Third, we highlight policies that can help achieve better outcomes for both innovation and inequality. We show that …

Innovation and technological progress are the key determinants of long-run economic growth and welfare. Therefore, an … important question is, how can public policy encourage more innovation? In this chapter, I review some of the empirical findings … from various recent studies on innovation and firm dynamics that can shed light on the design of innovation policy. The …

We examine the golden age of U.S. innovation by undertaking a major data collection exercise linking historical U … macro and micro-level determinants. We find a positive relationship between innovation and drivers of regional performance … delayed marriage, and tended to migrate to places that were conducive to innovation. Father's income was positively correlated …