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Demographic change and entrepreneurship across regions

Year: 2026
Type: article
Abstract: This paper studies the relationship between demographic change and entrepreneurship and highlights its spatial dimension. We digitise historical censuses to reconstruct entrepreneurship rates and the age structure of Italian provinces since the 1960s. We develop an estimation framework that relates entrepreneurship to granular age cohorts of the local population, leveraging instrumental variables to address endogeneity issues. Our results uncover stark regional heterogeneity. In Northern Italy, we find a hump-shaped age–entrepreneurship profile peaking at cohorts aged 30–39 years. In the South, entrepreneurship increases with age. Regional differences in the local business environment partly account for the different estimated profiles.
Source: Figshare
Language: English
Open Access status: green
OpenAlex ID: W7204279217
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