Aghion and al. find that a father’s income and education significantly increase the odds of a high IQ child to become an inventor. Their conclusion suggests that large differences in parental education, income and socioeconomic status within an economy lead to a misallocation of inventive talent and hinder an economy’s ability to innovate.
The Social Origins of Inventors
Authors: Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, Otto Toivanen
From: LSE, University of Chicago, University of Jyvaskyla, Aalto University
Bell and al. quantify the effect of inequality on the probability of becoming an inventor: children from high-income (top 1{5e7f07e14add20b2e04f4edb85a447d3cd8121fc27b809645e9fed603c22cc5c}) families are ten times as likely to become inventors as those from below-median income families. They add that growing up in a neighborhood or family with a high innovation rate in a specific technology class also leads to a higher probability of patenting in exactly the same technology class.
The Life Cycle of Inventors Past and Present
Authors:Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, John Van Reenen,
From: Harvard University, Stanford University, U.S. Treasury Department, MIT
The Life Cycle of Inventors Past and Present
Authors:Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, John Van Reenen,
From: Harvard University, Stanford University, U.S. Treasury Department, MIT
