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- W3215945380 abstract "If innovation is to be subsidized, a natural place to start is to increase the quantity and quality of human capital. Innovation, after all, begins with people. Simply stimulating the “demand side” through R&D subsidies and tax breaks may only drive up the price, rather than the volume of research activity. By contrast, increasing the supply of potential inventors can both directly increase innovation and reduce its cost. This paper examines the evidence on human capital policies for stimulating innovation such as expanding the home-grown workforce, fostering immigration, boosting universities and reducing barriers to entry into inventor careers, especially for under-represented groups. The evidence suggests targeting high ability but disadvantaged potential inventors at an early age is likely to have the largest long-run effects on growth.Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org." @default.
- W3215945380 created "2021-12-06" @default.
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- W3215945380 date "2021-01-01" @default.
- W3215945380 modified "2023-10-16" @default.
- W3215945380 title "Innovation and Human Capital Policy" @default.
- W3215945380 doi "https://doi.org/10.2139/ssrn.3834153" @default.
- W3215945380 hasPublicationYear "2021" @default.
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