level and quality of entrepreneurship and the level of effort by entrepreneurs and venture capitalists. We also provide …

entrepreneurship rate and social mobility respond nonmonotonically to a change in the tightness of financial constraints. The results …

entrepreneurship rate and social mobility respond non-monotonically to a change in the tightness of financial constraints. The results …

. 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 …