Entrepreneurship and market size. The case of young college graduates in Italy.

Autor/inn/en	Di Addario, Sabrina; Vuri, Daniela
Titel	Entrepreneurship and market size. The case of young college graduates in Italy.
Quelle	Bonn: Forschungsinstitut zur Zukunft der Arbeit GmbH (2010), 22 S., 302 KB PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2); PDF als Volltext kostenfreie Datei (3); PDF als Volltext kostenfreie Datei (4) Link als defekt meldenVerfügbarkeit
Reihe	Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit. 5098
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
URN	urn:nbn:de:101:1-201008118075
Schlagwörter	Urbanisierung; Markt; Unternehmer; Arbeitspapier; Absolvent; Italien
Abstract	We analyze empirically the effects of urban agglomeration on Italian college graduates' work possibilities as entrepreneurs three years after graduation. We find that each 100,000 inhabitant-increase in the size of the individual's province of work reduces the chances of being an entrepreneur by 0.2-0.3 percent. This result holds after controlling for regional fixed effects and is robust to instrumenting urbanization. Province's competition, urban amenities and dis-amenities, cost of labor, earning differentials between employees and self-employed workers, unemployment rates and value added per capita account for 40 percent of the negative urbanization penalty. Our result cannot be explained by the presence of negative large-city differentials in returns to education either. In fact, as long as they succeed in entering the largest markets, young entrepreneurs are able to reap-off the benefits of urbanization externalities: every 100,000-inhabitant increase in the province's population raises entrepreneurs' net monthly income by 0.2-0.3 percent.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2011/4