Inventor Gender and Patent Undercitation: Evidence from Causal Text Estimation

70 Pages Posted: 21 Nov 2022 Last revised: 14 Aug 2023

See all articles by Yael V. Hochberg

Yael V. Hochberg

National Bureau of Economic Research (NBER); Rice University - Jesse H. Jones Graduate School of Business

Ali Kakhbod

University of California, Berkeley

Peiyao Li

University of California, Berkeley - Haas School of Business

Kunal Sachdeva

Rice University - Jesse H. Jones Graduate School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: August 13, 2023

Abstract

Implementing a state-of-the-art machine learning technique for causal identification from text data (C-TEXT), we document that patents authored by female inventors are under-cited relative to those authored by males. Relative to what the same patent would be predicted to receive had the lead inventor instead been male, patents with a female lead inventor receive 10% fewer citations. Patents with male lead inventors tend to undercite past patents with female lead inventors, while patent examiners of both genders appear to be more even-handed in the citations they add to patent applications. For female inventors, market-based measures of patent value load significantly on the citation counts that would be predicted by C-TEXT, but do not load significantly on actual forward citations. The under-recognition of female-authored patents likely has implications for the allocation of talent in the economy.

Keywords: Innovation, Gender, Patent, Machine Learning, Big Data, Causal Inference

JEL Classification: J16, J24, J71, O30, C13

Suggested Citation

Hochberg, Yael V. and Kakhbod, Ali and Li, Peiyao and Sachdeva, Kunal, Inventor Gender and Patent Undercitation: Evidence from Causal Text Estimation (August 13, 2023). Available at SSRN: https://ssrn.com/abstract=4269703 or http://dx.doi.org/10.2139/ssrn.4269703

Yael V. Hochberg

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005-1892
United States

Ali Kakhbod

University of California, Berkeley ( email )

Haas School of Business
2220 Piedmont Ave
Berkeley, CA 94720
United States

Peiyao Li

University of California, Berkeley - Haas School of Business ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States

Kunal Sachdeva (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005-1892
United States

HOME PAGE: http://kunalsachdeva.com

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