We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic growth and TFP …

of creative destruction, we draw a distinction between technological innovation advanced by the firm, or its competitors …. Using administrative data from the United States, we find that own firm innovation is associated with a modest increase in … worker earnings growth, while innovation by competing firms is related to lower future worker earnings. Importantly, these …

-employee matched income data from the United States. Results suggest innovation is associated with a substantial increase in the labor …

of creative destruction, we draw a distinction between technological innovation advanced by the firm, or its competitors …. Using administrative data from the United States, we find that own firm innovation is associated with a modest increase in … worker earnings growth, while innovation by competing firms is related to lower future worker earnings. Importantly, these …

We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic …

We review research on the asset pricing implications of models with innovation and intangible capital. In these models …, technological innovation shocks propagate differently than standard total factor productivity shocks—and therefore have … qualitatively distinct asset pricing implications. We discuss recent approaches to measuring intangible capital and innovation, many …

We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … our measure suggests that technological innovation accounts for significant medium-run fluctuations in aggregate economic …