We construct a simple model of occupational choice among agents with differing abilities. The fraction of agents creating new businesses who are low ability rises during recessions. Thus, cohorts born during recessions are on average lower quality: their businesses yield lower initial earnings,...

Recent findings by Hamilton (Journal of Political Economy, 2000) suggest that the self-employed do not receive a monetary premium for the risk and uncertainty associated with business ownership. In this paper, I show that that income underreporting by entrepreneurs can explain the lack of...

The paper attempts to examine the extent to which the ILO-supported projects have contributed to women.s economic empowerment and well-being i.e., from a gender perspective. The paper provides the ILO.s perspectives on gender dimensions of employment prom