Technological innovation is critical to a country's economic development and a firm's long-
term success. This article reviews the recent literature that links institutions and innovation …

We characterize the factors that determine who becomes an inventor in the United States,
focusing on the role of inventive ability (“nature”) versus environment (“nurture”). Using …

This paper discusses the progressive taxation of household wealth. We first discuss what
wealth is, how it is distributed, and how much revenue a progressive wealth tax could …

Purpose The expectations surrounding innovation as the principal mean by which firms gain
a sustainable advantage while simultaneously alleviating social problems are tremendous …

Standards of living in advanced economies have risen dramatically over the last two
centuries, with US income per capita currently 25 times its level in 1820 (Council of …

Innovation is central to long-run economic growth. This chapter summarizes the state of the
literature on the economics of innovation, highlighting open policy questions. We first …

This study proposes a method to comprehensively assess the factors that attract intellectual
migrants to certain countries. The authors propose a system of pull factors that characterise …

We study how an agent learns from endogenous data when their prior belief is misspecified.
We show that only uniform Berk–Nash equilibria can be long‐run outcomes, and that all …

This paper considers top income taxation when (i) new ideas drive economic growth,(ii) the
reward for successful innovation is a top income, and (iii) innovation cannot be perfectly …

We exploit exogenous variation arising from the historical rollout of the Swedish railroad
network across municipalities to identify the impacts of improved transport infrastructure on …