IDEAS home Printed from https://ideas.repec.org/a/eee/respol/v52y2023i1s0048733322001500.html
   My bibliography  Save this article

Invention and the life course: Age differences in patenting

Author

Listed:
  • Kaltenberg, Mary
  • Jaffe, Adam B.
  • Lachman, Margie E.

Abstract

Previous research suggests creative ability peaks at ages between the mid 30s and early 40s, but has not focused on the role of age-related changes in cognitive abilities in this pattern. Cognitive processes show aging-related increases in experience-based knowledge (pragmatics or crystallized abilities) and decreases in the ability to process novel information quickly and efficiently (mechanics or fluid abilities). We explore the role of these age-related changes in the invention process, using a new database created by combining the publicly available patent data with information on inventor ages scraped from directory websites for approximately 1.2 million U.S.-resident inventors patenting between 1976 and 2017. We have made these data publicly available on the Harvard Dataverse and full documentation can be found in Kaltenberg et al. (2021) In the current paper, we present some descriptive statistics, and explore changing patterns of invention as inventor's age. For solo inventors, backward citations and originality increase with age, consistent with their being connected to crystallized intelligence. Forward citations, number of claims, and generality measures, as well as a citation-based measure of disruptiveness decline with inventor age, consistent with a connection to fluid intelligence. A similar pattern was found for performance in teams based on the average age of inventors in the team. Exploration of age diversity showed that teams with a wider age range had patents that are slightly more important (i.e., with more forward citations). Merging of these new data with other data that capture diverse aspects of inventors' environment and incentives offers rich potential for new research on invention.

Suggested Citation

  • Kaltenberg, Mary & Jaffe, Adam B. & Lachman, Margie E., 2023. "Invention and the life course: Age differences in patenting," Research Policy, Elsevier, vol. 52(1).
  • Handle: RePEc:eee:respol:v:52:y:2023:i:1:s0048733322001500
    DOI: 10.1016/j.respol.2022.104629
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0048733322001500
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.respol.2022.104629?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Sumit Agarwal & John C. Driscoll & Xavier Gabaix & David Laibson, 2007. "The Age of Reason: Financial Decisions Over the Lifecycle," NBER Working Papers 13191, National Bureau of Economic Research, Inc.
    2. Levin, Sharon G & Stephan, Paula E, 1991. "Research Productivity over the Life Cycle: Evidence for Academic Scientists," American Economic Review, American Economic Association, vol. 81(1), pages 114-132, March.
    3. Andrea Garnero & Stephan Kampelmann & François Rycx, 2014. "The Heterogeneous Effects of Workforce Diversity on Productivity, Wages, and Profits," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 53(3), pages 430-477, July.
    4. Hall, B. & Jaffe, A. & Trajtenberg, M., 2001. "The NBER Patent Citations Data File: Lessons, Insights and Methodological Tools," Papers 2001-29, Tel Aviv.
    5. Börsch-Supan, Axel & Weiss, Matthias, 2016. "Productivity and age: Evidence from work teams at the assembly line," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 30-42.
    6. Stuart D. Allen & Albert N. Link & Dan T. Rosenbaum, 2007. "Entrepreneurship and Human Capital: Evidence of Patenting Activity from the Academic Sector," Entrepreneurship Theory and Practice, , vol. 31(6), pages 937-951, November.
    7. Ricardo J. Caballero & Adam B. Jaffe, 1993. "How High Are the Giants' Shoulders: An Empirical Assessment of Knowledge Spillovers and Creative Destruction in a Model of Economic Growth," NBER Chapters, in: NBER Macroeconomics Annual 1993, Volume 8, pages 15-86, National Bureau of Economic Research, Inc.
    8. Pierre Azoulay & Joshua S. Graff Zivin & Jialan Wang, 2010. "Superstar Extinction," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(2), pages 549-589.
    9. Russell J. Funk & Jason Owen-Smith, 2017. "A Dynamic Network Measure of Technological Change," Management Science, INFORMS, vol. 63(3), pages 791-817, March.
    10. Jung, Taehyun & Ejermo, Olof, 2014. "Demographic patterns and trends in patenting: Gender, age, and education of inventors," Technological Forecasting and Social Change, Elsevier, vol. 86(C), pages 110-124.
    11. David W. Galenson, 2003. "The Life Cycles of Modern Artists: Theory, Measurement, and Implications," NBER Working Papers 9539, National Bureau of Economic Research, Inc.
    12. David W. Galenson & Bruce A. Weinberg, 2000. "Age and the Quality of Work: The Case of Modern American Painters," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 761-777, August.
    13. Benjamin F. Jones, 2010. "Age and Great Invention," The Review of Economics and Statistics, MIT Press, vol. 92(1), pages 1-14, February.
    14. Manuel Trajtenberg & Rebecca Henderson & Adam Jaffe, 1997. "University Versus Corporate Patents: A Window On The Basicness Of Invention," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 5(1), pages 19-50.
    15. Yoram Ben-Porath, 1967. "The Production of Human Capital and the Life Cycle of Earnings," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 352-352.
    16. Hammermann, Andrea & Niendorf, Matthias & Schmidt, Jörg, 2019. "Age diversity and innovation: Do mixed teams of old and experienced and young and restless employees foster companies innovativeness?," IAB-Discussion Paper 201904, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    17. David W. Galenson, 2007. "Wisdom and Creativity in Old Age: Lessons from the Impressionists," NBER Working Papers 13190, National Bureau of Economic Research, Inc.
    18. David W. Galenson & Bruce A. Weinberg, 2001. "Creating Modern Art: The Changing Careers of Painters in France from Impressionism to Cubism," American Economic Review, American Economic Association, vol. 91(4), pages 1063-1071, September.
    19. McDowell, John M, 1982. "Obsolescence of Knowledge and Career Publication Profiles: Some Evidence of Differences among Fields in Costs of Interrupted Careers," American Economic Review, American Economic Association, vol. 72(4), pages 752-768, September.
    20. Mary Kaltenberg & Adam B. Jaffe & Margie Lachman, 2021. "The Age of Invention: Matching Inventor Ages to Patents Based on Web-scraped Sources," NBER Working Papers 28768, National Bureau of Economic Research, Inc.
    21. repec:ulb:ulbeco:2013/245674 is not listed on IDEAS
    22. Mariagrazia Squicciarini & Hélène Dernis & Chiara Criscuolo, 2013. "Measuring Patent Quality: Indicators of Technological and Economic Value," OECD Science, Technology and Industry Working Papers 2013/3, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cristelli, Gabriele & Lissoni, Francesco, 2020. "Free movement of inventors: open-border policy and innovation in Switzerland," MPRA Paper 120099, University Library of Munich, Germany, revised Jan 2024.
    2. Yuyan Jiang & Xueli Liu, 2023. "A construction and empirical research of the journal disruption index based on open citation data," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(7), pages 3935-3958, July.
    3. He, Chaocheng & Liu, Fuzhen & Dong, Ke & Wu, Jiang & Zhang, Qingpeng, 2023. "Research on the formation mechanism of research leadership relations: An exponential random graph model analysis approach," Journal of Informetrics, Elsevier, vol. 17(2).
    4. EFI - Commission of Experts for Research and Innovation (ed.), 2023. "Report on research, innovation and technological performance in Germany 2023," Reports on Research, Innovation and Technological Performance in Germany, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin, volume 127, number 2023e, January.
    5. Murmann, Martin & Salmivaara, Virva & Kibler, Ewald, 2023. "How does late-career entrepreneurship relate to innovation?," Research Policy, Elsevier, vol. 52(6).
    6. Gaia Dossi & Marta Morando, 2023. "Political ideology and innovation," CEP Discussion Papers dp1969, Centre for Economic Performance, LSE.
    7. Macher, Jeffrey T. & Rutzer, Christian & Weder, Rolf, 2024. "Is there a secular decline in disruptive patents? Correcting for measurement bias," Research Policy, Elsevier, vol. 53(5).
    8. EFI - Expertenkommission Forschung und Innovation (ed.), 2023. "Gutachten zu Forschung, Innovation und technologischer Leistungsfähigkeit Deutschlands 2023," Reports on Research, Innovation and Technological Performance in Germany, Expertenkommission Forschung und Innovation (EFI) - Commission of Experts for Research and Innovation, Berlin, volume 127, number 2023, January.
    9. Yihui Lan & Kenneth W. Clements & Zong Ken Chai, 2023. "How Productive Are Economics and Finance PhDs?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(4), pages 442-461, December.
    10. Jeffrey T. Macher & Christian Rutzer & Rolf Weder, 2023. "The Illusive Slump of Disruptive Patents," Papers 2306.10774, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Benjamin Jones & E.J. Reedy & Bruce A. Weinberg, 2014. "Age and Scientific Genius," NBER Working Papers 19866, National Bureau of Economic Research, Inc.
    2. Ufuk Akcigit & Murat Celik & Daron Acemoglu, 2014. "Young, Restless and Creative: Openness to Disruption and Creative Innovations," 2014 Meeting Papers 377, Society for Economic Dynamics.
    3. Matthias Krapf, 2015. "Age and complementarity in scientific collaboration," Empirical Economics, Springer, vol. 49(2), pages 751-781, September.
    4. Fontana, Magda & Iori, Martina & Leone Sciabolazza, Valerio & Souza, Daniel, 2022. "The interdisciplinarity dilemma: Public versus private interests," Research Policy, Elsevier, vol. 51(7).
    5. Ejermo, Olof & Toivanen, Hannes, 2018. "University invention and the abolishment of the professor's privilege in Finland," Research Policy, Elsevier, vol. 47(4), pages 814-825.
    6. Bruce A. Weinberg & David W. Galenson, 2019. "Creative Careers: The Life Cycles of Nobel Laureates in Economics," De Economist, Springer, vol. 167(3), pages 221-239, September.
    7. Huang, Yi-Hou & Liang, Woan-lih & Truong, Quang-Thai & Wang, Yanzhi, 2022. "No new tricks for old dogs? Old directors and innovation performance," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    8. Christiane Hellmanzik, 2013. "Does travel inspire? Evidence from the superstars of modern art," Empirical Economics, Springer, vol. 45(1), pages 281-303, August.
    9. Alex Bell & Raj Chetty & Xavier Jaravel & Neviana Petkova & John Van Reenen, 2019. "Who Becomes an Inventor in America? The Importance of Exposure to Innovation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(2), pages 647-713.
    10. Börsch-Supan, Axel & Weiss, Matthias, 2016. "Productivity and age: Evidence from work teams at the assembly line," The Journal of the Economics of Ageing, Elsevier, vol. 7(C), pages 30-42.
    11. Kong, Dongmin & Zhang, Bohui & Zhang, Jian, 2022. "Higher education and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 72(C).
    12. Hellmanzik, Christiane, 2013. "Democracy and economic outcomes: Evidence from the superstars of modern art," European Journal of Political Economy, Elsevier, vol. 30(C), pages 58-69.
    13. Fabian Waldinger, 2012. "Peer Effects in Science: Evidence from the Dismissal of Scientists in Nazi Germany," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 79(2), pages 838-861.
    14. Feichtinger, Gustav & Grass, Dieter & Kort, Peter M. & Seidl, Andrea, 2021. "On the Matthew effect in research careers," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
    15. Kathryn Graddy & Carl Lieberman, 2018. "Death, Bereavement, and Creativity," Management Science, INFORMS, vol. 64(10), pages 4505-4514, October.
    16. Myriam Mariani & Marzia Romanelli, 2006. ""Stacking" or "Picking" Patents? The Inventors' Choice Between Quantity and Quality," LEM Papers Series 2006/06, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    17. A. J. Novák & G. Feichtinger, 2022. "Accumulation and obsolescence of research knowledge," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 30(4), pages 1151-1166, December.
    18. Robert B. Ekelund & John D. Jackson & Robert D. Tollison, 2015. "Age and productivity: An empirical study of early American artists," Southern Economic Journal, John Wiley & Sons, vol. 81(4), pages 1096-1116, April.
    19. Benos, Nikos & Tsiachtsiras, Georgios, 2019. "Innovation and Income Inequality: World Evidence," MPRA Paper 92050, University Library of Munich, Germany.
    20. Sadao Nagaoka, 2007. "Assessing the R&D Management of a Firm in Terms of Speed and Science Linkage: Evidence from the US Patents," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(1), pages 129-156, March.

    More about this item

    Keywords

    Inventors; Life course patenting activity; Cognitive aging;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:respol:v:52:y:2023:i:1:s0048733322001500. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/respol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.