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来源类型Working Paper
规范类型报告
DOI10.3386/w29863
来源IDWorking Paper 29863
A Year Older, A Year Wiser (and Farther from Frontier): Invention Rents and Human Capital Depreciation
Philippe Aghion; Ufuk Akcigit; Ari Hyytinen; Otto Toivanen
发表日期2022-03-28
出版年2022
语种英语
摘要We look at how the arrival of an invention affects wage returns and probability of moving out of employment for white- and blue-collar coworkers of the inventor. First results suggest that older workers are hurt by the arrival of an invention. This negative effect disappears when we control for education and, in particular, for time that since obtaining the last formal degree, i.e., distance to human capital frontier. If anything, this effect is slightly higher for non-STEM than STEM-educated co-workers. This result suggests that retraining programs could be helpful in making the process of creative destruction and economic growth more inclusive.
主题Health, Education, and Welfare ; Education ; Labor Economics ; Labor Supply and Demand ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w29863
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587535
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Philippe Aghion,Ufuk Akcigit,Ari Hyytinen,et al. A Year Older, A Year Wiser (and Farther from Frontier): Invention Rents and Human Capital Depreciation. 2022.
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