Jo and Kim ask two related questions: (1) How do firms use different types of innovation when learning others' technology takes time? (2) How does this process alter the aggregate implications of firm …
Online FirstReview of Economic StudiesOnline 3 Jun 2026
The paper establishes a causal link from rising top income shares to reduced net job creation at small firms, working through a bank funding channel rooted in non-homothetic household portfolio …