Demographics and Innovation

Event: Technology and Aging Workforce: Maximize the Gains from Longevity and Long Working Life

Demographics and Innovation

18 May 2018
Author / Speaker: 
François Derrien, HEC Paris - Email the author | Other materials by the author
Ambrus Kecskés, York University - Email the author | Other materials by the author
Phuong-Anh Nguyen, York University - Email the author | Other materials by the author

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Are younger labor forces more innovative? The authors attempt to answer this question using the native-born labor force projected based on local historical births in the US. They used three successive levels of analysis to eliminate or examine effects such as firm and inventor life cycles. They also established that innovation activities reflect the innovative characteristics of younger labor forces, and firms in younger labor markets have higher valuations. These results indicate that younger people as a group produce more innovation through the labor supply channel rather than through a financing supply or consumer demand channel. ​

Geographical Focus: 
Regional - North America
Type of Content: 
Learning Event


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