Research

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Title
Author(s)
Year
Gene Grossman
2016
We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project ...
Sir Angus Deaton
2015
In this paper we analyze the relationship between turnover-driven growth and subjective wellbeing, using cross-sectional MSA level US data. We find that the effect of creative destruction on well-being is (i) unambiguously positive if we control for MSA ...