Benjamin F. Jones
Age and Great Invention
ol:OL3478321M
aarecords_metadata
Benjamin F. Jones
HB1
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 7/5/2005.
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NBER working paper series ;, working paper 11359, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11359., Cambridge, MA, Massachusetts, 2005
2005618333
OL3478321M OL5893138W
en
en
National Bureau of Economic Research
"Great achievements in knowledge are produced by older innovators today than they were a century ago.  Using data on Nobel Prize winners and great inventors, I find that the age at which noted innovations are produced has increased by approximately 6 years over the 20th century.  This trend is consistent with a shift in the life-cycle productivity of great minds.  It is also consistent with an aging workforce.  The paper employs a semi-parametric maximum likelihood model to (1) test between these competing explanations and (2) locate any specific shifts in life-cycle productivity.  The productivity explanation receives considerable support.  I find that innovators are much less productive at younger ages, beginning to produce major ideas 8 years later at the end of the 20th Century than they did at the beginning.  Furthermore, the later start to the career is not compensated for by increasing productivity beyond early middle age.  I show that these distinct shifts for knowledge-based careers are consistent with a knowledge-based theory, where the accumulation of knowledge across generations leads innovators to seek more education over time.  More generally, the results show that individual innovators are productive over a narrowing span of their life cycle, a trend that reduces -- other things equal -- the aggregate output of innovators.  This drop in productivity is particularly acute if innovators' raw ability is greatest when young"--National Bureau of Economic Research web site.
Age and great invention
2005
ol:OL3478321M
aarecords_metadata
OL3478321M
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book_unknown
en
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Age and great invention
Benjamin F. Jones
Benjamin F.  Jones
NBER working paper series ;, working paper 11359, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11359., Cambridge, MA, Massachusetts, 2005
NBER working paper series ;, working paper 11359, Working paper series (National Bureau of Economic Research :  Online) ;, working paper no.  11359. , Cambridge, MA, Massachusetts, 2005
National Bureau of Economic Research

ol:OL3478321M
ol: OL3478321M
OL3478321M ol:OL3478321M
OL5893138W ol:OL5893138W
2005618333 lccn:2005618333
HB1 lcc:HB1
2005