Induced Innovation and Social Inequality

Induced Innovation and Social Inequality: Evidence from Infant Medical Care.

We develop a model of induced innovation that applies to medical research. Our model yields three empirical predictions. First, initial death rates and subsequent research effort should be positively correlated. Second, research effort should be associated with more rapid mortality declines. Third, as a byproduct of targeting the most common conditions in the population as a whole, induced inno...

Nber Working Paper Series Induced Innovation and Social Inequality: Evidence from Infant Medical Care

We develop a model of induced innovation where research effort is a function of the death rate, and thus the potential to reduce deaths in the population. We also consider potential social consequences that arise from this form of induced innovation based on differences in disease prevalence across population subgroups (i.e. race). Our model yields three empirical predictions. First, initial de...

Innovation and Inequality

Innovation, Firms and Wage Inequality∗

This paper uses matched employee-employer data from the UK that we augment with information on R&D expenditures, to analyze the relationship between innovativeness and average wage income across firms. We first show that more R&D intensive firms pay higher wages on average. Our second finding is that the premium to working in more R&D intensive firms seems to be higher for low-skilled workers t...

Inequality and Social Welfare

2.2 Inequality Measures and Decompositions ............................................................................................... 78 2.2.1 Inequality measures and the extended Gini..................................................................................... 78 2.2.2 Source decomposition of the Gini and the Gini income elasticity................................................. ...