Emigration and Entrepreneurial Draint

• 成果类型: Article
• 署名作者: Anelli, Massimo; Basso, Gaetano; Ippedico, Giuseppe; Peri, Giovanni
• 署名单位: Bocconi University; European Central Bank; Bank of Italy; University of California System; University of California Davis; National Bureau of Economic Research
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20210194
• 发表日期: 2023
• 页码: 218-252
• 关键词: productivity; wages; externalities; immigration; INNOVATION; networks; workers

摘要

Emigration of young, highly educated individuals may deprive ori-gin countries of entrepreneurs. We identify exogenous variation in emigration from Italy by interacting past diaspora networks and current economic pull factors in destination countries. We find that a 1 standard deviation increase in the emigration rate generates a 4.8 percent decline in firms' creation in the local labor market of origin. An accounting exercise decomposes the estimated effect into four components: subtraction of individuals with average entrepre-neurial propensity, selection of young and college-educated among emigrants, negative spillovers on firm creation, and selection on unobservable characteristics positively associated with entrepre-neurship. (JEL F22, J23, J82, L26, M13, R23)