that reduce incentives to invest in new knowledge. Using a formal model of innovation we identify conditions where the … innovation benefits of job-hopping exceed the costs from reduced incentives to invest in human capital. These conditions likely …. Consistent with our model of innovation, we also find that outside of the computer industry, California's mobility rates are no …

California law that make non-compete agreements unenforceable. Consistent with our model of innovation, mobility rates outside of …

Knowledge triggers regional growth. Evidence suggests that skilled labour force concentrates in islands of innovation … increasing returns to knowledge, favouring the emergence of islands of innovation; regions with a high endowment of cognitive …

We study innovation and the resulting Schumpeterian economic growth that this innovation gives rise to in a model with … balanced growth path (BGP) allocations and the equilibrium of interest. Second, we stipulate the form of the innovation … circumstances in which there is either too much or too little innovation in (i) the ith region, (ii) the aggregate economy of N>2 …