Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth
研究了研发补贴和高等教育政策如何通过影响人才供给来促进生产率增长，发现两者结合能更有效地帮助贫困但有天赋的青年从事研究，且教育政策在收入不平等较高的社会中效果更显著。
Abstract How do innovation and education policy affect individual career choices and aggregate productivity? This paper analyses the effect of R&D subsidies and higher education policy on productivity growth through the supply of innovative talent. We put scarce talent, higher education attainment, and career choice at the centre of a new endogenous growth framework with individual-level heterogeneity in talent, financial resources, and preferences. We link the model to micro-level data from Denmark on the backgrounds of who obtains a PhD and becomes an inventor and the outcomes of a set of policy interventions. We find that R&D subsidies can be strengthened when combined with higher education subsidies, which enable talented but poor youth to pursue a career in research. Education and innovation policies not only alleviate different frictions, but also impact innovation at different time horizons. Education policy is more effective in societies with higher income inequality.