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Should continued family firms face lower taxes than other estates?

Grossmann, Volker; Strulik, Holger - 2008

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...

Persistent link: https://www.econbiz.de/10010265682

An Innovation Policy Framework: Bridging the Gap between Industrial Dynamics and Growth

Braunerhjelm, Pontus; Henrekson, Magnus - 2015

of highly valued products. In so doing, we suggest an innovation policy framework based on two pillars: (i) the … accumulation, investment, and upgrading of knowledge and (ii) the implementation of mechanisms that enable knowledge to be … exploited such that growth and societal prosperity are encouraged. Knowledge is a necessary but far from sufficient condition …

Persistent link: https://www.econbiz.de/10010504476

Entrepreneurial school dropouts: A model on signalling, education and entrepreneurship

Skogstrøm, Jens Fredrik Baumgarten - 2012

I present a theory on the relationship between educational choice and entrepreneurship in a labour market with asymmetric information. The model shows that, in a labour market where education is used as a signalling device, an imperfect relationship between productivity in education and in the...

Persistent link: https://www.econbiz.de/10010330275

Taxation and entrepreneurship in the United States

Holter, Hans A.; Stepanchuk, Serhiy; Wang, Yicheng - 2023

This paper studies the effects of income taxation on entrepreneurship, empirically and in a structural macro model with entrepreneurial choice. Combining state-level tax data with household and firm data we document that higher and more progressive taxation has a strong negative impact on...

Persistent link: https://www.econbiz.de/10014541013

Intrapreneurship: Productive, Unproductive, and Destructive

Elert, Niklas; Stenkula, Mikael - 2020

Researchers increasingly recognize that entrepreneurial employees, intrapreneurs, play a critical role in innovation …

Persistent link: https://www.econbiz.de/10012615435

Jobs Incorporated: Incorporation Status and Job Creation

Åstebro, Thomas; Tåg, Joacim - 2015

Recent research has shown that entrepreneurs who start incorporated firms are fundamentally different from entrepreneurs who start sole proprietorships. This difference suggests that incorporation status may distinguish the self-employed with no ambition to hire from entrepreneurs who plan to...

Persistent link: https://www.econbiz.de/10010504485

Does College Education Reduce Small Business Failure?

Asoni, Andrea; Sanandaji, Tino - 2014

We estimate the effect of college education on business survival using the NLSY79. The endogeneity of both education and business ownership is accounted for by a competing risks duration model augmented with a college selection equation. Contrary to the previous literature, we fi nd no effect of...

Persistent link: https://www.econbiz.de/10010504519

Entrepreneurship, Wage Employment and Control in an Occupational Choice Framework

Douhan, Robin; van Praag, Mirjam - 2009

We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...

Persistent link: https://www.econbiz.de/10010320274

Compulsory Education and Jack-of-all-trades Entrepreneurs

Douhan, Robin - 2009

Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the...

Persistent link: https://www.econbiz.de/10010320287

Intelligence, Self-confidence and Entrepreneurship

Asoni, Andrea - 2011

I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and...

Persistent link: https://www.econbiz.de/10010320404