NBER WORKING PAPER SERIES SKILLED HUMAN CAPITAL AND HIGH-GROWTH ENTREPRENEURSHIP: EVIDENCE FROM INVENTOR INFLOWS Benjamin Balsmeier Lee Fleming Matt Marx Seungryul Ryan Shin Working Paper 27605 http://www.nber.org/papers/w27605 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 July 2020 The authors thank Guan Cheng Li for invaluable research assistance. We also thank participants in the NBER Productivity Seminar for comments and suggestions. We gratefully acknowledge financial support from The Coleman Fung Institute for Engineering Leadership, the National Science Foundation (1360228), and the Ewing Marion Kauffman Foundation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2020 by Benjamin Balsmeier, Lee Fleming, Matt Marx, and Seungryul Ryan Shin. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.