recent research

The breakthrough launch of ChatGPT in November 2022 sparked widespread questions about artificial intelligence and the future of work. How would generative AI reshape jobs and industries? Would certain roles become obsolete? How should education and training programs prepare workers for an AI-integrated workplace? To understand AI’s actual labor market impact, researchers examined unemployment patterns and hiring trends in AI-exposed occupations between 2022 and 2024 in a new study.

State R&D incentive programs such as tax credits are widely used to stimulate innovation, attract investment, and support long-term economic growth. But how do we know which programs truly increase R&D activity rather than simply subsidizing what companies would have done anyway?

With fewer than 1,000 Initial Public Offerings in any year, the most common exit strategy for investors in early-stage innovation firms is to find an acquisition opportunity. For the broader economic goal of encouraging innovation because it drives growth and societal progress, when large firms acquire smaller, innovative companies, does it promote innovation, or does it primarily help dominant players thwart possible competition and consolidate market power?

In the last twenty years, there has been a critical shift in the technology transfer landscape that calls for a fundamental overhaul of university Technology Transfer Offices (TTOs) from focusing on passive IP management to active startup development, according to a recent SSRN article.

Innovation spreads, but how far can it reach? A new study finds that firms operating in multiple tech clusters act as conduits, transmitting knowledge and boosting productivity across distant locations. However, certain types of firms are better at it—and benefit more readily—than others. This insight, from a recent National Bureau of Economic Research (NBER) working paper, “Innovation Spillovers across U.S.

A recent Federal Reserve Bank of Kansas City working paper explores the relationship between inter-state mobility, earnings gains, and initial wealth of young college graduates over time, highlighting the impact of debt. The paper Should I Stay or Should I Go? Inter-state Mobility and Earnings Gains of Young College Graduates by Andrew Glover and José Mustre-del-Río proposes a model to explain the decline in mobility.

A recent National Bureau of Economic Research (NBER) working paper, Immigrant Entrepreneurship: New Estimates and a Research Agenda provides fresh insights into the growth and characteristics of immigrant-founded firms across the United States. The study also outlines directions for future research in this field.

Key findings from the authors’ statistical analysis include:

Traditionally, a scientific discovery's commercial potential is gauged after significant R&D. However, a recent paper by Duke University researchers Roger Masclans-Armengol, Sharique Hasan, and Wesley M. Cohen (2024) proposes a new method for assessing the commercial potential of scientific research before it's fully developed.