On the Returns to Invention within Firms: Evidence from Finland

Article dans une revue: In this paper we merge individual income data, firm-level data, patenting data, and IQ data in Finland over the period 1988–2012 to analyze the returns to invention for inventors and their coworkers or stakeholders within the same firm. We find that: (i) inventors collect only 8 percent of the total private return from invention; (ii) entrepreneurs get over 44 percent of the total gains; (iii) bluecollar workers get about 26 percent of the gains and the rest goes to white-collar workers. Moreover, entrepreneurs start with significant negative returns prior to the patent application, but their returns subsequently become highly positive.

Auteur(s)

Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, Otto Toivanen

Revue
  • American Economic Review Papers and Proceedings
Date de publication
  • 2018
Mots-clés JEL
D2 G32 L25 L26 O31 O34
Pages
  • 208 – 12
Version
  • 1
Volume
  • 108