implications of our findings for entrepreneurship-policy making, and give suggestions to improve governmental start-up programs. …

Empirical studies show low pecuniary returns of switching from wage employment to entrepreneurship. We reconsider the … indicate that the average returns to entrepreneurship are significantly negative for individuals entering entrepreneurship …

Existing studies of entrepreneurship focus on entrepreneurs whose individual contribution to wealth creation is …

supply into productive, unproductive or destructive activities. However, entrepreneurship is not only influenced by … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by … entrepreneurship. As business entrepreneurship, innovative political activity may be productive or unproductive, depending on the …