|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The Impact of Regional Age Structure on Entrepreneurship|
age-specific peer effects
|Publisher:||Wiley-Blackwell for Clark University|
|Citation:||Bonte W, Falck O & Heblich S (2009) The Impact of Regional Age Structure on Entrepreneurship, Economic Geography, 85 (3), pp. 269-287.|
|Abstract:||Empirical studies based on individual data have found an inverse U-shaped relationship between age and the decision to start a business. Other studies have shown that becoming an entrepreneur is a regional event, with potential entrepreneurs benefiting from their local networks. This article links both strands of literature by introducing age-specific peer effects. Using changes in the age distribution of the population of western German regions over time, we found-in accordance with microlevel analyses-an inverse U-shaped relationship between the regional age structure and start-up activity in a region. Moreover, our findings suggest that the age-specific likelihood of becoming an entrepreneur changes with the size of the age cohort, pointing to the existence of age-specific peer effects.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Affiliation:||University of Wuppertal, Germany|
Ifo Institute for Economic Research, Germany
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