Calendrier du mois de juillet 2017
Applied Economics Lunch Seminar
Du 04/07/2017 de 12:30 à 13:30
Salle R1-09, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
BERGEAUD Antonin (HEC)
Innovation, Firms and Wage Inequality
écrit avec Philippe Aghion, Richard Blundell, Rachel Griffith
This paper uses matched employee-employer data from the UK that we augment with information on R&D expenditures, to analyze the relationship between innovativeness and average wage income across firms. And indeed, we show that more R&D intensive firms pay higher wages on average. Our second finding is that the
premium to working in more R&D intensive firms seems to be higher for low-occupation workers than for high-occupation workers. To account for these findings, we develop a simple model of the firm where the
complementarity between *high-occupation* and *low-occupation* employees within the firm increases with the firm's degree of innovativeness. An additional prediction of the model, which is also confirmed by the empirical
analysis, is that low-occupation workers stay longer in more innovative firms.