The Demographics of Innovation and Asset Returns
收藏NBER2009-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15457
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资源简介：
We study asset-pricing implications of innovation in a general-equilibrium overlapping-generations economy. Innovation increases the competitive pressure on existing firms and workers, reducing the profits of existing firms and eroding the human capital of older workers. Due to the lack of inter
提供机构：
美国国家经济研究局
创建时间：
2009-10-01
