Papers by Lotta Väänänen
Review of Economics and Statistics, 2010
A key input to inventive activity is human capital. Hence it is important to understand the monet... more A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of inventors. We estimate the effect of patented inventions on individual earnings by linking data on U.S. patents and their inventors to Finnish employer-employee data. Returns are heterogeneous: Inventors get a temporary reward of 3% of annual earnings for a patent grant
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Papers by Lotta Väänänen