Bellon, Aymeric; Cookson, Tony; Gilje, Erik; Heimer, Rawley - 2022
We examine how wealth windfalls affect self-employment decisions using data on cash payments from claims on Texas shale …% higher self-employment rates. The increase in self-employment rates is driven by individuals who lengthen existing self …-employment spells, and not by individuals who leave regular employment for self-employment. Moreover, the effect of wealth reverts for …