The Long-term impact of inequality on entrepreneurship and job creation
Gutiérrez Romero, Roxana
Méndez Errico, Luciana
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada

Imprint: Universitat Autònoma de Barcelona. Departament d'Economia Aplicada 2015
Description: 44 p.
Abstract: We assess the extent to which historical levels of inequality affect the likelihood of businesses being created, surviving and of these creating jobs overtime. To this end, we build a pseudo-panel of entrepreneurs across 48 countries using the Global Entrepreneurship Monitor Survey over 2001-2009. We complement this pseudo-panel with historical data of income distribution and indicators of current business regulation. We find that in countries with higher levels of inequality in the 1700s and 1800s, businesses today are more likely to die young and create fewer jobs. Our evidence supports economic theories that argue initial wealth distribution influences countries' development path, having therefore important policy implications for wealth redistribution.
Rights: L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons: Creative Commons
Language: Anglès.
Series: Documents de treball
Series: Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada ; 15.01
Document: workingPaper
Subject: Emprenedoria ; Creació de treball ; Entrepreneurship ; Income distribution ; Job creation ; Pseudo-panel ; Instrumental variables

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44 p, 344.9 KB

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Research literature > Working papers

 Record created 2016-01-27, last modified 2019-11-15

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