TDPE presents: Dr. Ivan Png
100 Eggers Hall
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Dr. Ivan Png on Entrepreneurship and the School of Hard Knocks: Evidence from China’s Great Famine
Dr. Ivan Png, National University of Singapore
We exploit geographical differences in
the intensity of China’s Great Famine, 1959-61, as a quasi-natural experiment
to identify the effect of hardship on entrepreneurship. We find robust
evidence of more entrepreneurship in counties that experienced greater hardship
during the Famine. The effect of hardship on entrepreneurship is more
pronounced in those aged below six at the start of the famine. We
investigate whether the difference is due to selective mortality or adaptation
of personality, and find evidence of changes towards greater risk
tolerance.
Sponsored by Trade Development and Political Economy at the Moynihan Institute of Global Affairs
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