On the Returns to Invention Within Firms: Evidence from Finland

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Citation: Philippe Aghion, Ufuk Akcigit, Ari Hyytinen, Otto Toivanen (2018) On the Returns to Invention Within Firms: Evidence from Finland. AER Papers and Proceedings (RSS)
DOI (original publisher): 10.1257/pandp.20181108
Semantic Scholar (metadata): 10.1257/pandp.20181108
Sci-Hub (fulltext): 10.1257/pandp.20181108
Internet Archive Scholar (search for fulltext): On the Returns to Invention Within Firms: Evidence from Finland
Download: https://scholar.harvard.edu/files/aghion/files/on the returns to invention 01.pdf
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Summary

Using data in Finland 1998-2012 on employment and patents (EPO records with inventor with Finnish residency), and counting entrepreneurs as individuals contributing to an entrepreneur pension system or owning over 50% of the company, authors aim to complement literature on innovation returns by characterizing distribution of returns within firms, including indicators of spillovers to non-inventing workers.

Find distribution of 44.6% to entrepreneurs, 25.7% to bluecollar workers, 21.8% to whitecollar workers, and 7.9% to inventors. The distribution varies in each category pre- and post-invention.

Theoretical and Practical Relevance

Unclear (perhaps closer reading would reveal) what this means for per person distribution. One table gives number of people in each category:

  • inventors: 8,185
  • entrepreneurs: 1,123
  • whitecollar workers: 107,986
  • bluecollar workers: 87,288
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