谁从专利中获利?创新型企业的租金分享。

IF 11.1 1区 经济学 Q1 ECONOMICS Quarterly Journal of Economics Pub Date : 2019-08-01 Epub Date: 2019-03-27 DOI:10.1093/qje/qjz011
Patrick Kline, Neviana Petkova, Heidi Williams, Owen Zidar
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引用次数: 0

摘要

本文利用美国专利申请与美国企业和工人纳税记录之间的新联系,分析了专利对劳动生产率的冲击如何传播到工人报酬中。我们通过比较专利申请最初获准的企业与专利申请最初被驳回的企业,推断专利许可的因果效应。为了识别事前有价值的专利,我们根据预先确定的企业和专利申请特征,将 Kogan 等人(2017 年)的超额股票回报率估计值外推至全部被接受和被拒绝的专利申请。一项事前有价值的专利的初始许可会大幅提高企业生产率和工人报酬。与此相反,对事前价值较低的专利的初始允许对企业成果没有产生可检测的影响。专利许可会导致企业增加就业,但初始工资和劳动力构成对专利决定并不敏感。平均而言,在每一美元的专利盈余中,工人可以通过提高收入获得大约 30 美分。在自申请当年起就在职的工人中,这一比例大约是前者的两倍。这些收入效应主要集中在男性和收入分布前半部分的工人身上,同时这些群体的工人保留率也相应提高。我们将这些收入效应解释为资深工人获取了经济租金,因为对于创新型企业来说,取代资深工人的成本最高。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

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WHO PROFITS FROM PATENTS? RENT-SHARING AT INNOVATIVE FIRMS.

This article analyzes how patent-induced shocks to labor productivity propagate into worker compensation using a new linkage of U.S. patent applications to U.S. business and worker tax records. We infer the causal effects of patent allowances by comparing firms whose patent applications were initially allowed to those whose patent applications were initially rejected. To identify patents that are ex ante valuable, we extrapolate the excess stock return estimates of Kogan et al. (2017) to the full set of accepted and rejected patent applications based on predetermined firm and patent application characteristics. An initial allowance of an ex ante valuable patent generates substantial increases in firm productivity and worker compensation. By contrast, initial allowances of lower ex ante value patents yield no detectable effects on firm outcomes. Patent allowances lead firms to increase employment, but entry wages and workforce composition are insensitive to patent decisions. On average, workers capture roughly 30 cents of every dollar of patent-induced surplus in higher earnings. This share is roughly twice as high among workers present since the year of application. These earnings effects are concentrated among men and workers in the top half of the earnings distribution and are paired with corresponding improvements in worker retention among these groups. We interpret these earnings responses as reflecting the capture of economic rents by senior workers, who are most costly for innovative firms to replace.

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来源期刊
CiteScore
24.20
自引率
2.20%
发文量
42
期刊介绍: The Quarterly Journal of Economics stands as the oldest professional journal of economics in the English language. Published under the editorial guidance of Harvard University's Department of Economics, it comprehensively covers all aspects of the field. Esteemed by professional and academic economists as well as students worldwide, QJE holds unparalleled value in the economic discourse.
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