WASHINGTON--(BUSINESS WIRE)--It’s a story that comes with its own truism: “nothing succeeds like success.” States with higher gross state product growth are more likely to attract highly mobile and high-achieving college graduates, both self-employed and wage-and-salary workers, according to Office of Advocacy research based on the U.S. Department of Education’s 2003 Baccalaureate and Beyond (B&B) data base.
“With states devoting millions of dollars in investments to economic development and education, state policymakers are naturally concerned when the most talented workers leave to explore opportunities elsewhere.” said Susan Walthall, Acting Chief Counsel for Advocacy. “For states, particularly those experiencing this ‘brain drain’ phenomenon, it’s important to understand how various factors affect the migration patterns of college graduates.”
The paper issued today, Educational Attainment, “Brain Drain,” and Self-employment: Examining the Interstate Mobility of Baccalaureate Graduates, 1993-2003, uses the B&B data to study the employment and location of self-employed and wage-and-salary workers 10 years after graduation. The paper’s author, Advocacy Chief Economist Chad Moutray, finds that the mobility of the self-employed is very similar to that of their wage-and-salary counterparts in this data base. Among the findings are the following:
For a copy of the paper, visit the Office of Advocacy website at www.sba.gov/advo.
The Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. The presidentially appointed Chief Counsel for Advocacy advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policymakers. For more information, visit www.sba.gov/advo, or call (202) 205-6533.
SBA Number: 09-16 ADVO