ÌÇÐÄvlog¹ÙÍø Affiliated Authors
Fred and Eleanor Glimp Professor of Economics, FAS
Excerpt
Excerpt
Entrepreneurship and the City. Edward Glaeser, October 2007, Paper. "Why do levels of entrepreneurship differ across America's cities? This paper presents basic facts on two measures of entrepreneurship: the self-employment rate and the number of small firms. Both of these measures are correlated with urban success, suggesting that more entrepreneurial cities are more successful. There is considerable variation in the self-employment rate across metropolitan areas, but about one-half of this heterogeneity can be explained by demographic and industrial variation. Self-employment is particularly associated with abundant, older..."