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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
. 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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This paper is concerned with occupational choice under risk, where agents care about their social status. It is motivated by recent developments in the 'New Economy', which indicate that status preferences possibly provide an explanation for the observed shift towards entrepreneurial...
Persistent link: https://www.econbiz.de/10011525881
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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/10002242377
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