Arbeitspapier
Demography and innovative entrepreneurship
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or her age and, therefore, that a change in a region's age distribution affects the expected number of startups in the region. Using German regional data, we estimate a count-data model and find that the expected number of startups is positively influenced by the fraction of individuals of working age 20 64 years old. A more detailed analysis of the working-age distribution suggests that startups in knowledge-based (high-tech) manufacturing industries are affected by changes in this distribution whereas firms in other industries are not. In particular, increases in the fraction of individuals in the 20 30 age range and individuals in the 40 50 age range have a positive effect on the number of high-tech startups.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2115
- Klassifikation
-
Wirtschaft
Entrepreneurship
Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- Thema
-
demography
age distribution
entrepreneurship
innovation
region
Unternehmensgründung
Lebensalter
Unternehmer
Hochtechnologiesektor
Regionale Bevölkerungsentwicklung
Altersstruktur der Bevölkerung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bönte, Werner
Falck, Oliver
Heblich, Stephan
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bönte, Werner
- Falck, Oliver
- Heblich, Stephan
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2007
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