TY  - RPRT
        AU  - Anelli, Massimo
AU  - Basso, Gaetano
AU  - Ippedico, Giuseppe
AU  - Peri, Giovanni
        TI  - Does Emigration Drain Entrepreneurs?
        PY  - 2020/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13390
        UR  - https://www.iza.org/index.php/publications/dp13390
        AB  - Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous variation in a large emigration wave from Italy between 2008 and 2015 by interacting diaspora networks with economic pull factors in destination countries, and find that larger emigration rates reduced firm creation and innovative start-ups. We estimate that for every 100 emigrants, 26 fewer firms were created. An accounting exercise shows that 37 percent of the effect was due to the disproportionate loss of young people. The remaining effect was due to selection into emigration of highly entrepreneurial individuals, as well as negative spillovers on firm creation.
        KW  - innovation
KW  - entrepreneurship
KW  - brain drain
KW  - demography
KW  - emigration
KW  - EU integration
        ER  -