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We study the long-term economic legacy of highly-skilled minorities a century after their wholesale expulsion. Using mass expulsions of Armenian and Greek communities of the Ottoman Empire in the early 20th century as a unique natural experiment of history, we show that districts with greater...
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to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean … returns to entrepreneurship compared to average wages. …
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. -- entrepreneurship ; returns to human capital ; balanced skill set ; jack-of-all-trades …
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entrepreneurship and the strongest relationship is between associated activities and entrepreneurship. This is consistent with the need … to build social relationships in today’s networked economy. -- human capital ; social capital ; entrepreneurship …
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businesses in this respect. -- agglomeration ; balanced skills ; entrepreneurship ; thick markets ; urban diversity …
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