全球智库信息集成服务系统(G2TT): DP15318 Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15318
	DP15318 Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth
	Ufuk Akcigit; Jeremy Pearce; Marta Prato
发表日期	2020-09-25
出版年	2020
语种	英语
摘要	How do innovation and education policy affect individual career choice and aggregate productivity? This paper analyzes the various layers that connect R&D subsidies and higher education policy to productivity growth. We put the development of scarce talent and career choice at the center of a new endogenous growth framework with individual-level heterogeneity in talent, frictions, and preferences. We link the model to micro-level data from Denmark and uncover a host of facts about the links between talent, higher education, and innovation. We use these facts to calibrate the model and study counterfactual policy exercises. We find that R&D subsidies, while less effective than standard models, can be strengthened when combined with higher education policy that alleviates financial frictions for talented youth. Education and innovation policies not only alleviate different frictions, but also impact innovation at different time horizons. Education policy is also more effective in societies with high income inequality.
主题	Labour Economics ; Macroeconomics and Growth
关键词	R&d policy Education policy Inequality Innovation Iq Endogenous growth
URL	https://cepr.org/publications/dp15318
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/544297
推荐引用方式 GB/T 7714	Ufuk Akcigit,Jeremy Pearce,Marta Prato. DP15318 Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth. 2020.