Inheritance taxes may induce heirs to discontinue family firms. Because firm dissolution incurs transaction costs, a preferential tax treatment of transferred family businesses seems to be desirable from a macroeconomic viewpoint. The support of dynastic succession, however, entails also a cost...

Using a "fuzzy" regression discontinuity design, we examine the short-run impacts of a vocational training program on self-employment, new business plans, entry into entrepreneurship and entrepreneurial traits using data from the Nepal Employment Fund training program, which funds training...