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The social origins of inventors

Author: Philippe Aghion; Ufuk Akcigit; Ari Hyytinen; Otto Toivanen; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2017.
Series: Working paper series (National Bureau of Economic Research), no. 24110.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
In this paper we merge three datasets -- individual income data, patenting data, and IQ data -- to analyze the determinants of an individual's probability of inventing. We find that: (i) parental income matters even after controlling for other background variables and for IQ, yet the estimated impact of parental income is greatly diminished once parental education and the individual's IQ are controlled for; (ii) IQ  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Philippe Aghion; Ufuk Akcigit; Ari Hyytinen; Otto Toivanen; National Bureau of Economic Research,
OCLC Number: 1015250479
Notes: "December 2017"
Description: 1 online resource (45, 48 pages) : illustrations.
Series Title: Working paper series (National Bureau of Economic Research), no. 24110.
Responsibility: Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, Otto Toivanen.

Abstract:

In this paper we merge three datasets -- individual income data, patenting data, and IQ data -- to analyze the determinants of an individual's probability of inventing. We find that: (i) parental income matters even after controlling for other background variables and for IQ, yet the estimated impact of parental income is greatly diminished once parental education and the individual's IQ are controlled for; (ii) IQ has both a direct effect on the probability of inventing an indirect impact through education. The effect of IQ is larger for inventors than for medical doctors or lawyers. The impact of IQ is robust to controlling for unobserved family characteristics by focusing on potential inventors with brothers close in age. We also provide evidence on the importance of social family interactions, by looking at biological versus non-biological parents. Finally, we find a positive and significant interaction effect between IQ and father income, which suggests a misallocation of talents to innovation.

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