Partisan Entrepreneurship

Joseph Engelberg, Jorge Guzman, Runjing Lu and William Mullins

No 30249, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: G41 G51 L26 M13 (search for similar items in EconPapers)
Date: 2022-07
New Economics Papers: this item is included in nep-ent, nep-pol and nep-sbm
Note: PR
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Citations: View citations in EconPapers (3)

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Working Paper: Partisan Entrepreneurship (2021)
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