Innovation and Top Income Inequality

被引：317

作者：

Aghion, Philippe ^{[1
,2
]}

Akcigit, Ufuk ^{[3
,4
,5
]}

Bergeaud, Antonin ^{[6
]}

Blundell, Richard ^{[7
,8
]}

Hemous, David ^{[4
,9
]}

机构：

[1] Coll France, Paris, France

[2] London Sch Econ, London, England

[3] Univ Chicago, Chicago, IL 60637 USA

[4] CEPR, Washington, DC USA

[5] NBER, Cambridge, MA 02138 USA

[6] Banque France, Paris, France

[7] UCL, London, England

[8] Inst Fiscal Studies, London, England

[9] Univ Zurich, Zurich, Switzerland

来源：

REVIEW OF ECONOMIC STUDIES | 2019年 / 86卷 / 01期

关键词：

Top Income; Inequality; Innovation; Patenting; Citations; Social Mobility; Incumbents; Entrant; RESEARCH-AND-DEVELOPMENT; TECHNICAL CHANGE; UNITED-STATES; MARKET VALUE; CEO PAY; GROWTH; PANEL; TECHNOLOGY; RETURNS; DECLINE;

D O I：

10.1093/restud/rdy027

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article, we use cross-state panel and cross-U.S. commuting-zone data to look at the relationship between innovation, top income inequality and social mobility. We find positive correlations between measures of innovation and top income inequality. We also show that the correlations between innovation and broad measures of inequality are not significant. Next, using instrumental variable analysis, we argue that these correlations at least partly reflect a causality from innovation to top income shares. Finally, we show that innovation, particularly by new entrants, is positively associated with social mobility, but less so in local areas with more intense lobbying activities.

引用

页码：1 / 45

页数：45

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[1] Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program [J].