Youth Drain, Entrepreneurship and Innovation

  title={Youth Drain, Entrepreneurship and Innovation},
  author={M. Anelli and G. Basso and Giuseppe Ippedico and G. Peri},
  journal={ERPN: Labor Economics (Topic)},
  • M. Anelli, G. Basso, +1 author G. Peri
  • Published 2019
  • Economics
  • ERPN: Labor Economics (Topic)
  • Migration outflows, especially of young people, may deprive an economy of entrepreneurial energy and innovative ideas. We exploit exogenous variation in emigration from Italian local labor markets to show that between 2008 and 2015 larger emigration flows reduced firm creation. The decline affected firms owned by young people and innovative industries. We estimate that for every 1,000 emigrants, 10 fewer young-owned firms were created over the whole period. A simple accounting exercise shows… CONTINUE READING
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