L25

Karam Jo · Seula Kim

Layer 1 — Overview Research Question. 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 …

Sebastian Doerr · Thomas Drechsel · Donggyu Lee

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 …