Urbanization in Italy Reduces Chances of College Graduates Becoming Entrepreneurs.
The study looked at how living in a more crowded area affects the chances of young college graduates in Italy becoming entrepreneurs. They found that in places with higher population density, the likelihood of starting a business decreases by 2-3%. Factors like competition, urban amenities, labor costs, and earnings differences between employees and self-employed workers play a big role in this. However, if young entrepreneurs can break into crowded markets, they can earn more money. Overall, the study shows that urbanization can both help and hinder entrepreneurship for college graduates in Italy.