enter entrepreneurship, to become self-employed, and to switch to another employer. The effects of layers are much stronger … for business creation than for jobswitching and they are stronger for entrepreneurship than for self-employment. However …

A review of recent evidence on relative earnings from entrepreneurship versus wage work presents a puzzle: why do …, after correcting for income underreporting, the mean financial gain to entrepreneurship is positive and large, greater than …

. Using a dataset with over 24 million observations and more than 230,000 entries into entrepreneurship, we show that newly …