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. Workers and firm owners are subject to idiosyncratic shocks. Entrepreneurship is the riskier occupation. Compared to an … likelihood of entrepreneurship increases with individual wealth. …
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entrepreneurship rate and social mobility respond nonmonotonically to a change in the tightness of financial constraints. The results …
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entrepreneurship rate and social mobility respond non-monotonically to a change in the tightness of financial constraints. The results …
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. Workers and firm owners are subject to idiosyncratic shocks. Entrepreneurship is the riskier occupation. Compared to an … likelihood of entrepreneurship increases with individual wealth. -- DSGE model ; wealth distribution ; occupational choice …
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