Entrepreneurship.

• Position: Program and Working Group Meetings

The NBER's Working Group on Entrepreneurship met in Cambridge on December 4. Group Director Antoinette Schoar of MIT and Research Associate Josh Lerner of Harvard University organized the meeting. These papers were discussed:

* Deborah Goldschmidt, Boston University, and Johannes F. Schmieder, Boston University and NBER, "The Rise of Domestic Outsourcing and the Evolution of the German Wage Structure" (NBER Working Paper No. 21366)

* Tania Babina and Paige Ouimet, University of North Carolina at Chapel Hill, and Rebecca Zarutskie, Federal Reserve Board, "Going Entrepreneurial? IPOs and New Firm Creation"

* Ulf Axelson and Igor Makarov, London School of Economics, "Informational Black Holes in Financial Markets"

* Thomas J. Chemmanur, Boston College; Gang Hu, Hong Kong Polytechnic University; and Chaopeng Wu, Xia Men University, "High Differentiation and Low Standardization: The Role of...