Articles
Entrepreneurism
Entrepreneurial Brain Drain
Cities, states, and regions often battle to get the best and the brightest young people to live and work in their locales. Part of this competition involves attracting talented individuals, but another part involves keeping them in the place where they were born and raised, fighting what many observers call “brain drain.”
Most of the discussion of brain drain focuses on people who work for others. That’s understandable given how most people are employed.
But a recent working paper by Chad Moutray of the Office of Advocacy of the U.S. Small Business Administration, examines the issue of brain drain among the self-employed. Looking at what happened to the 1993 cohort of college graduates over their first ten years post graduation, he draws conclusions about the problem of entrepreneurial brain drain.