BEGIN:VCALENDAR VERSION:2.0 METHOD:PUBLISH PRODID:-//Telerik Inc.//Sitefinity CMS 15.1//EN BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:20251102T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYHOUR=2;BYMINUTE=0;BYMONTH=11 TZNAME:Eastern Standard Time TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:20250301T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYHOUR=2;BYMINUTE=0;BYMONTH=3 TZNAME:Eastern Daylight Time TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT DESCRIPTION:Top college graduates are disproportionately inventive\, yet\nl ittle is known about how they select into different career\npaths and inno vate. This paper uses detailed data on MIT\nbachelor’s graduates to study the impact of the 2008–09\nfinancial crisis on individuals’ early career c hoices and\nsubsequent patent production. Compared to the classes of\n2007 and 2008\, which graduated before the peak of crisis\,\nthe classes of 20 09 and 2010 were significantly less likely\nto enter finance at college gr aduation and significantly more\ninventive in the following six years. How ever\, reduced entry\ninto finance is unlikely to have been the primary ch annel\nthrough which patent production increased\, since those at\nthe mar gin of working in finance had different characteristics\nfrom those at the margin of becoming an inventor. the\nauthor provides suggestive evidence that the increase\nin patent production was driven by increased graduate\n degree attainment. Using data on earlier cohorts dating\nback to 1994\, sh e also finds a strong association between\neducational attainment and pate nt production in the longrun\, suggesting that shocks to early career choi ces could\nhave long-term effects on innovation through specialization.&nb sp\; \;Pian Shu an assistant professor in Strategy &\; Innovation a t Scheller College of Business\, Georgia Institute of Technology. Her curr ent research focuses on the origin\, development\, and deployment of innov ative and entrepreneurial talent. She has several projects examining diffe rent populations of innovators and the demand-side forces\, such as global ization\, that could influence the supply of innovators and entrepreneurs. Her main research stream uses data on MIT bachelor's graduates to study t he career choices\, human-capital accumulation\, and long-term productivit y of elite scientists and engineers. For more information\,\ncontact Devas hish Mitra\, dmitra@syr.eduFor accessibility\nrequests\, contact Juanita H oran\, jhoran@syr.edu Sponsored by:\nMoynihan Institute of Global Affairs DTEND:20190408T220000Z DTSTAMP:20260512T222122Z DTSTART:20190408T200000Z LOCATION: SEQUENCE:0 SUMMARY:Talent Allocation and Long-Term Innovation: Evidence from the Massa chusetts Institute of Technology - TDPE UID:RFCALITEM639142068823249090 X-ALT-DESC;FMTTYPE=text/html:

Top college graduates are disproportionatel y inventive\, yet\nlittle is known about how they select into different ca reer\npaths and innovate. This paper uses detailed data on MIT\nbachelor’s graduates to study the impact of the 2008–09\nfinancial crisis on individ uals’ early career choices and\nsubsequent patent production. Compared to the classes of\n2007 and 2008\, which graduated before the peak of crisis\ ,\nthe classes of 2009 and 2010 were significantly less likely\nto enter f inance at college graduation and significantly more\ninventive in the foll owing six years. However\, reduced entry\ninto finance is unlikely to have been the primary channel\nthrough which patent production increased\, sin ce those at\nthe margin of working in finance had different characteristic s\nfrom those at the margin of becoming an inventor. the\nauthor provides suggestive evidence that the increase\nin patent production was driven by increased graduate\ndegree attainment. Using data on earlier cohorts datin g\nback to 1994\, she also finds a strong association between\neducational attainment and patent production in the longrun\, suggesting that shocks to early career choices could\nhave long-term effects on innovation throug h specialization. \; \;


Pian Shu an assist ant professor in Strategy &\; Innovation at Scheller College of Busines s\, Georgia Institute of Technology. Her current research focuses on the o rigin\, development\, and deployment of innovative and entrepreneurial tal ent. She has several projects examining different populations of innovator s and the demand-side forces\, such as globalization\, that could influenc e the supply of innovators and entrepreneurs. Her main research stream use s data on MIT bachelor's graduates to study the career choices\, human-cap ital accumulation\, and long-term productivity of elite scientists and eng ineers.


For more information\,\ncontact Devashish Mitra\ , dmitra@syr.edu

For accessibility\nrequests\, contact Juanit a Horan\, jhoran@syr.edu

Sponsored by:\nMoynihan Institute o f Global Affairs

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