Highly skilled workers are not the only ones who receive a wage premium from innovation

Aghion, Philippe ORCID: 0000-0002-9019-1677, Bergeaud, Antonin, Blundell, Richard and Griffith, Rachel (2020) Highly skilled workers are not the only ones who receive a wage premium from innovation. LSE Business Review (09 Jan 2020), pp. 1-4. Blog Entry.

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Abstract

Innovative firms pay workers more than others do. This fact is well known from endogenous growth theories, which state that as technology advances, innovative firms should get more rents, which should translate into higher wages. Empirically in the UK over the period 2004-2016, an average worker in a non-innovative firm was paid about 20 per cent less than an observably equivalent worker in one of the top 5 per cent most innovative firms.

Item Type:	Online resource (Blog Entry)
Official URL:	https://blogs.lse.ac.uk/businessreview/
Additional Information:	© 2020 The Author(s)
Divisions:	Economics
Subjects:	H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor
Date Deposited:	25 Mar 2020 15:06
Last Modified:	11 Dec 2024 19:59
URI:	http://eprints.lse.ac.uk/id/eprint/103833

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