Research Brief

Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization

Most manufacturers, if they expect to grow and flourish, not only need to expand their existing product line but must also innovate and otherwise add to their product mix, whether that means adding entirely new items or improving the quality of existing goods. In other words, producing the same thing over and over, without any modifications or without branching out into other product lines, is not a typical recipe for long-term success.
Topics:  Industrial Organization
Research Brief

Markups, Labor Market Inequality and the Nature of Work

Odds are, when you think of workers in a modern industrialized economy, you imagine all kinds of jobs, from those on factory floors and farms, to those in sales, marketing, and business development. You might also imagine that, over time, the percentage of people working in so-called blue-collar jobs, while still the majority, has decreased relative to white-collar workers.
Topics:  Employment & Wages
Research Brief

A Global View of Creative Destruction

Trade policy has recently been in the news, with the focus on the costs to firms from higher prices due to trade tariffs. However, the focus on the effect of tariffs on prices misses perhaps the most important benefit from international trade: the transmission of ideas.
Topics:  Industrial Organization, Technology & Innovation
Research Brief

Synergizing Ventures

In the early days of Microsoft, Bill Gates and Paul Allen did not need investors’...
Topics:  Employment & Wages, Industrial Organization, Technology & Innovation
Chart

Empirical Trends That Inform Decreasing US Business Dynamism

Panel 1a is taken from Andrews et al. (2016), Panel 1b from Decker et al....
Topics:  Financial Markets, Technology & Innovation
Research Brief

Spillover Impacts on Education from Employment Guarantees and Educational Investment Responses to Economic Opportunity: Evidence from Indian Road Construction

For most young people and their parents who live in high-income countries, the decision to attend school is an easy one. School is universally available and free through high school, schooling is mandatory through the age of 16, and most jobs require at least a high school degree. Dropping out of school all but ensures a lifetime of relatively low income.
Topics:  Early Childhood Education, Economic Mobility & Poverty, Employment & Wages, Health care, K-12 Education
Research Brief

What Happened to US Business Dynamism?

Competition, whether in sports or in the arts or in business, can spur players to perform better than they otherwise would. Take two runners, for example; if there is a large gap between the two, then the one falling behind is likely to slow down since there is no hope for winning, while the one in the lead may also relax as victory is ensured. In both cases, neither is performing as well as she could.
Topics:  Technology & Innovation
Chart

Uber Mexico: Share of Cash by City

For numerous cities in Mexico, either a share of the fare (depicted in light yellow)...
Topics:  Technology & Innovation