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We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
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Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net …
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Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is available to both wage earners and self-employed on a voluntary...
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This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …
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claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question … group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels …
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spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …
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