Youth Drain, Entrepreneurship and Innovation

@article{Anelli2019YouthDE,
  title={Youth Drain, Entrepreneurship and Innovation},
  author={Massimo Anelli and Gaetano Basso and Giuseppe Ippedico and Giovanni Peri},
  journal={ERPN: Communities (Topic)},
  year={2019}
}
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, 100 fewer young-owned firms were created cumulatively over the whole period. A simple accounting… Expand
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