Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/307784 
Year of Publication: 
2023
Series/Report no.: 
Helsinki GSE Discussion Papers No. 3
Publisher: 
Helsinki Graduate School of Economics, Helsinki
Abstract: 
Why is invention strongly positively correlated with parental income not only in the US but also in Finland which displays low income inequality and high social mobility? Using data on 1.45M Finnish individuals and their parents, we find that: (i) the positive association between parental income and off-spring probability of inventing is greatly reduced when controlling for parental education; (ii) instrumenting for the parents having a MSc-degree using distance to nearest university reveals a large causal effect of parental education on offspring probability of inventing; and (iii) the causal effect of parental education has been markedly weakened by the introduction in the early 1970s of a compre- hensive schooling reform.
Subjects: 
Education
Inventors
Innovation
Patents
Parents' education
JEL: 
O31
O35
I25
I26
ISBN: 
978-952-7543-02-3
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.