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New York Fed: 'Transformative and Subsistence Entrepreneurs: Origins and Impacts on Economic Growth'
September 29, 2025
NEW YORK, Sept. 29 (TNSLrpt) -- The Federal Reserve Bank of New York issued the following staff report (No. 1166) in September 2025 by Ufuk Akcigit, Harun Alp, Jeremy Pearce, and Marta Prato entitled "Transformative and Subsistence Entrepreneurs: Origins and Impacts on Economic Growth."

Here are excerpts:

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This paper studies how individuals sort into entrepreneurship and invention-related occupations and how their interactions shape innovatio . . .

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