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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. …
Persistent link: https://www.econbiz.de/10010265142
This paper investigates the effects of monopolistic competition on entrepreneurial risk-taking in a general equilibrium model. In this context, occupational choice of risk averse agents is biased towards firm ownership. In this case, the inefficiencies due to the presence of non-diversifiable...
Persistent link: https://www.econbiz.de/10010271941
entrepreneurship rate and social mobility respond nonmonotonically to a change in the tightness of financial constraints. The results …
Persistent link: https://www.econbiz.de/10003770500
entrepreneurship rate and social mobility respond non-monotonically to a change in the tightness of financial constraints. The results …
Persistent link: https://www.econbiz.de/10009125896
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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 …
Persistent link: https://www.econbiz.de/10003436879
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