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Partisan Entrepreneurship / Joseph Engelberg, Jorge Guzman, Runjing Lu, William Mullins.
- Format:
- Book
- Author/Creator:
- Engelberg, Joseph.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w30249.
- NBER working paper series no. w30249
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2022.
- Summary:
- Republicans start more firms than Democrats. In a sample of 40 million party-identified Americans between 2005 and 2017, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic administrations, amounting to a partisan reallocation of 170,000 new firms over our 13-year sample. We find sharp changes in partisan entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically active partisans: those that donate and vote.
- Notes:
- Print version record
- July 2022.
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