Key Findings
- Entrepreneurship and economic mobility have both been discussed in the academic literature, but the environment for entrepreneurship warrants closer examination.
- While the United States, compared to other countries, scores quite highly on the regulation component of economic freedom, it does not score nearly as high on some of the crucial components of the regulation (such as impartial public bureaucracy and private sector credit).
- I find strong correlations between the environment for entrepreneurship and economic mobility across countries, especially regarding business and labor market regulations.
- Business dynamism strongly correlates to both relative and absolute mobility within the United States.
- It is my hope that this is a starting point to the discussion about entrepreneurship, the barriers to entrepreneurship, and economic mobility.
Justin Callais, PhD, is the Chief Economist at the Archbridge Institute. He leads the institute’s “Social Mobility in the 50 States” project and conducts original research on economic mobility, economic freedom, economic development, and institutional analysis. Follow his work @JustinTCallais and subscribe to his newsletter, Debunking Degrowth.
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