Innovation, Income Inequality, and Social Mobility.¬†Philippe Aghion, July 28,¬†2015. Paper. “In recent decades, there has been an accelerated increase in top income inequality, particularly in developed countries. This column argues that innovation partly accounts for the surge in top income inequality and fosters social mobility. In particular, the positive effect of innovation on social mobility is due to new innovators. Over the past decades, we have seen an accelerated increase in top income inequality worldwide, particularly in developed countries (Goldin and Katz 2008, Deaton 2013, Piketty 2013). In recent research (Aghion et al. 2015)…Link