{"title":"Precocious inventors: early patenting success and lifetime inventive performance","authors":"Theresa Michlbauer, Thomas Zwick","doi":"10.1080/10438599.2022.2144845","DOIUrl":null,"url":null,"abstract":"<p><b>ABSTRACT</b></p><p>Precocious inventors have a higher inventive productivity during their remaining career. Inventors who have their first patent either applied for extraordinarily fast or a first patent of especially high quality are regarded as precocious. This paper systematically includes individual and employer characteristics that can drive career productivity beside an early patenting success to reveal the true productivity effect of precociousness. We show that early patenting success reveals dimensions of inventive ability that are not captured in individual characteristics that are predetermined at the start of the career such as the school education level. The favourable work environment precocious inventors enjoyed also has a relatively low explanatory value for career productivity. Precocious inventors also do not benefit from cumulative advantage. Although also rival firms can use early patenting success as indicator for a high career productivity, early employers can retain a high share of their precocious inventors. We propose several reasons for this surprising phenomenon.</p>","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"500 1","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2022-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics of Innovation and New Technology","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/10438599.2022.2144845","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
ABSTRACT
Precocious inventors have a higher inventive productivity during their remaining career. Inventors who have their first patent either applied for extraordinarily fast or a first patent of especially high quality are regarded as precocious. This paper systematically includes individual and employer characteristics that can drive career productivity beside an early patenting success to reveal the true productivity effect of precociousness. We show that early patenting success reveals dimensions of inventive ability that are not captured in individual characteristics that are predetermined at the start of the career such as the school education level. The favourable work environment precocious inventors enjoyed also has a relatively low explanatory value for career productivity. Precocious inventors also do not benefit from cumulative advantage. Although also rival firms can use early patenting success as indicator for a high career productivity, early employers can retain a high share of their precocious inventors. We propose several reasons for this surprising phenomenon.
期刊介绍：
Economics of Innovation and New Technology is devoted to the theoretical and empirical analysis of the determinants and effects of innovation, new technology and technological knowledge. The journal aims to provide a bridge between different strands of literature and different contributions of economic theory and empirical economics. This bridge is built in two ways. First, by encouraging empirical research (including case studies, econometric work and historical research), evaluating existing economic theory, and suggesting appropriate directions for future effort in theoretical work. Second, by exploring ways of applying and testing existing areas of theory to the economics of innovation and new technology, and ways of using theoretical insights to inform data collection and other empirical research. The journal welcomes contributions across a wide range of issues concerned with innovation, including: the generation of new technological knowledge, innovation in product markets, process innovation, patenting, adoption, diffusion, innovation and technology policy, international competitiveness, standardization and network externalities, innovation and growth, technology transfer, innovation and market structure, innovation and the environment, and across a broad range of economic activity not just in ‘high technology’ areas. The journal is open to a variety of methodological approaches ranging from case studies to econometric exercises with sound theoretical modelling, empirical evidence both longitudinal and cross-sectional about technologies, regions, firms, industries and countries.
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