2022 Klein Lecture Parental Education and Invention : The Finnish Enigma

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorAghion, Philippeen_US
dc.contributor.authorAkcigit, Ufuken_US
dc.contributor.authorHyytinen, Arien_US
dc.contributor.authorToivanen, Ottoen_US
dc.contributor.departmentDepartment of Economicsen
dc.contributor.organizationLondon School of Economics and Political Scienceen_US
dc.contributor.organizationUniversity of Chicagoen_US
dc.contributor.organizationHanken School of Economicsen_US
dc.date.accessioned2023-06-14T08:52:11Z
dc.date.available2023-06-14T08:52:11Z
dc.date.issued2023-05en_US
dc.descriptionhttps://doi.org/10.1111/iere.12632
dc.description.abstractWhy is invention strongly positively correlated with parental income not only in the United States but also in Finland, which displays low income inequality and high social mobility? Using data on 1.45 M Finnish individuals and their parents, we find the following: (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 an 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 comprehensive schooling reform.en
dc.description.versionPeer revieweden
dc.format.extent38
dc.format.extent453-490
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationAghion, P, Akcigit, U, Hyytinen, A & Toivanen, O 2023, ' 2022 Klein Lecture Parental Education and Invention : The Finnish Enigma ', International Economic Review, vol. 64, no. 2, pp. 453-490 . https://doi.org/10.1111/iere.12632en
dc.identifier.doi10.1111/iere.12632en_US
dc.identifier.issn0020-6598
dc.identifier.issn1468-2354
dc.identifier.otherPURE UUID: 90182544-62a5-4140-8218-5883245a8664en_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/90182544-62a5-4140-8218-5883245a8664en_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85150881014&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/113472729/Int_Economic_Review_2023_Aghion_2022_KLEIN_LECTURE_PARENTAL_EDUCATION_AND_INVENTION_THE_FINNISH_ENIGMA.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/121461
dc.identifier.urnURN:NBN:fi:aalto-202306143838
dc.language.isoenen
dc.publisherWiley-Blackwell
dc.relation.ispartofseriesINTERNATIONAL ECONOMIC REVIEWen
dc.relation.ispartofseriesVolume 64, issue 2en
dc.rightsopenAccessen
dc.title2022 Klein Lecture Parental Education and Invention : The Finnish Enigmaen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.versionpublishedVersion
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