2022 Klein Lecture Parental Education and Invention: The Finnish Enigma

Philippe Aghion; Ufuk Akcigit; Ari Hyytinen; Otto Toivanen

doi:10.1111/iere.12632

2022 Klein Lecture Parental Education and Invention: The Finnish Enigma

Philippe Aghion^*, Ufuk Akcigit, Ari Hyytinen, Otto Toivanen

^*Huvudförfattare för detta arbete

Nationalekonomi, Helsingfors

Forskningsoutput: Tidskriftsbidrag › Artikel › Vetenskaplig › Peer review

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Why 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.

Originalspråk	Engelska
Referentgranskad vetenskaplig tidskrift	International Economic Review
Volym	64
Nummer	2
Sidor (från-till)	453-490
Antal sidor	38
ISSN	0020-6598
DOI	https://doi.org/10.1111/iere.12632
Status	Publicerad - 21.03.2023
MoE-publikationstyp	A1 Originalartikel i en vetenskaplig tidskrift

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511 Nationalekonomi

FN:s SDG:er

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10.1111/iere.12632Licens: CC BY-NC-ND

Int Economic Review - 2023 - Aghion - 2022 KLEIN LECTURE PARENTAL EDUCATION AND INVENTION THE FINNISH ENIGMAPublicerad version, 2,04 MBLicens: CC BY-NC-ND

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2022 Klein Lecture Parental Education and Invention: The Finnish Enigma

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