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relationshipbetween an individual’s potential payoffs in working and in entrepreneurship. If some firmsconsistently benefit more from … “entrepreneurship out of necessity” falls with income percapita. The paper also documents, for two of the facts for the first time, that …
Persistent link: https://www.econbiz.de/10009360578
We combine two empirical observations in a general equilibrium occupational choice model.The first is that entrepreneurs have more control than employees over the employment ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10009360633