Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/4651
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dc.contributor.authorBhattacharya, Sourav
dc.contributor.authorChakraborty, Pavel
dc.contributor.authorChatterjee, Chirantan
dc.date.accessioned2024-01-28T15:02:41Z
dc.date.available2024-01-28T15:02:41Z
dc.date.issued2022-01
dc.identifier.issn0304-3878
dc.identifier.urihttps://doi.org/10.1016/j.jdeveco.2021.102709
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/4651
dc.descriptionBiosketch: Sourav Bhattacharya, Economics group, Indian Institute of Management Calcutta, Diamond Harbour Road, Joka, Kolkata 700104, India; Pavel Chakraborty, Department of Economics, Management School, Lancaster University, LA1 4YX, UK; Chirantan Chatterjee, Science Policy Research Unit, University of Sussex Business School, University of Sussex, Brighton BN1 9SL, UK.en_US
dc.description.abstractWe use The Patents (Amendment) Act, 2002 in India as a quasi-natural experiment to identify the causal effect of higher incentives for innovation on a firm’s compensation structure. We find that stronger intellectual property (IP) protection has a sharper impact on the demand for managerial skill for technologically advanced firms. Firms that were a-priori above the industry median (in terms of technology adoption, more so for R&D expenditure) witness a rise in the share of managerial compensation by 1.3%–8.3% higher than the rest. This effect is completely driven by firms between 5–8th decile with no effect on firms below the median or at the very top of the technological ladder. This observed “snail-shape” in the firms’ response to the IP shock is rationalized in a model where firms within an industry compete for patents by investing in managerial inputs. The observed increase in wage inequality can partly be attributed to a stronger performance pay for high-tech firms. Associatedly, high-tech firms invested more in technology adoption, started to produce more product varieties at higher quality, and filed for more product patent claims.en_US
dc.language.isoen_USen_US
dc.publisherJournal of Development Economicsen_US
dc.relation.ispartofseriesVol. 154;
dc.subjectIntellectual property regimesen_US
dc.subjectWage inequalityen_US
dc.subjectHigh-tech and low-tech firmsen_US
dc.subjectManagerial compensationen_US
dc.subjectSnail-shapeen_US
dc.subjectPatent raceen_US
dc.titleIntellectual property regimes and wage inequalityen_US
dc.typeArticleen_US
Appears in Collections:Economics

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