When Does Labor Scarcity Encourage Innovation?
NBER Working Paper No. 14809
---- Acknowledgements ----
I thank Philippe Aghion, Dan Cao, Joshua Gans, Andres Irmen, Samuel Pienknagura, and participants at presentations at American Economic Association 2009 meetings, Harvard and Stanford for useful comments. Financial support from the National Science Foundation is gratefully acknowledged. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.