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...

In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...

We present a model in which two of the most important features of the long-run growth process are reconciled: the massive changes in the structure of production and employment; and the Kaldor facts of economic growth. We assume that households expand their consumption along a hierarchy of needs...

This paper examines the effect of the German co-determination law of 1976 (MitbestG) on the innovative activity of German firms. Co-determination applies to firms with 2000 employees or more. Data from 1971-1976 and 1981-1990 on 148 firms are used to compare the number of patents granted to...

When unemployed persons go into business, they often are characterized as necessity entrepreneurs, because push factors, namely their unemployment, likely prompted their decision. In contrast to this, business founders who have been previously employed represent opportunity entrepreneurs because...

Women start fewer businesses than men. The start-up rate among women in Germany falls short of males' start-up rate by one third. We scrutinize this gender gap using individual-level data from the KfW Start-up Monitor, a large-scale population survey on start-up activity in Germany. As a unique...

Die Gründungsförderung der Bundesagentur für Arbeit ist im Rahmen der aktiven Arbeitsmarktpolitik im Rechtskreis SGB III nach wie vor eines der bedeutsamsten Instrumente. Zum 1. August 2006 löste der Gründungszuschuss (§ 57 SGB III) seine beiden Vorgänger, das Überbrückungsgeld und den...

The number of start-ups in Germany has been at a historically low level for a decade. While there was an annual average of 240,000 new start-ups between 1995 and 2004, the number has fallen significantly in the following years to around 165,000. One explanation is demographic change, but another...