State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech
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We are grateful to Tim Bartik, the editor and two referees for useful suggestions. Katherine Kuang, Timothy Ni, and Lauren Ford provided excellent research assistance. Moretti thanks the Innovation Policy working group at the NBER, the W.E. Upjohn Institute for Employment Research and Microsoft for generous support. The views expressed in this paper represent those of the authors alone and do not necessarily represent the views of the Federal Reserve Bank of San Francisco, the Federal Reserve System, or the National Bureau of Economic Research.