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UID:3c4b07ede82eb7f562770817303c28f6
CATEGORIES:Seminars
CREATED:20170410T171506
SUMMARY:Otto Toivanen - KU Leuven
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Living “American Dream” in Finland: The Social Mobility of Inventors (with 
 U. Akcigit, P. Aghion and A. Hyytinen)\nAbstract:\n Innovation is a key hum
 an activity behind economic growth: Understanding the allocation of talent,
  and potential barriers of allocation, into innovation is therefore importa
 nt. We study what determines who becomes an inventor, and the level and dis
 tribution of innovation rents. We use rich data on family background and IQ
  on 700K Finnish males to study who becomes an inventor, and similar data o
 n almost 400K Finnish males to study the level and distribution of innovati
 on rents. We find that parental income matters for becoming an inventor, bu
 t less than parental education and own IQ, and less than for becoming a med
 ical doctor (MD) or a lawyer. Visuospatial IQ is more important for becomin
 g an inventor than either an MD (not scalable, unlike invention) or a lawye
 r (rent-seeking). Own education is an order of magnitude more important tha
 n any family background variable or IQ. We find that becoming an inventor l
 eads an individual to increase her rank substantially in the income distrib
 ution, and to severe the link to father’s income. The latter effect is larg
 er for invention than either high education or IQ. In ongoing work we are s
 tudying the effects on coworkers of inventors.\n
DTSTAMP:20260428T184126Z
DTSTART:20160505T173000Z
DTEND:20160505T190000Z
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TRANSP:OPAQUE
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