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Persistent link: https://www.econbiz.de/10012584133
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10011636261
; precautionary wealth ; entrepreneurship …
Persistent link: https://www.econbiz.de/10003874776
This paper suggests a solution to what has become known as the "private equity premium puzzle" (Moskowitz and Vissing-Jorgensen (2002)). We interpret occupational choice as a dynamic portfolio choice problem of a life-cycle investor facing a liquidity constraint and imperfect information about...
Persistent link: https://www.econbiz.de/10009725485
of the way to identify financial constraints is to look at the importance of household wealth in the decision to become … wealth if talent is unobserved; other unobservable household characteristics create similar problems. This paper makes a … contribution to this literature first by using measures of unobservable household characteristics such as entrepreneurial talent …
Persistent link: https://www.econbiz.de/10013120678
have contributed to the observed decline in US entrepreneurship. Using a unique panel dataset of US households and a …
Persistent link: https://www.econbiz.de/10012900803
attractive alternative option for older households. Entrepreneurship among older households has indeed grown faster than wage and … economic pressures have contributed to increasing entrepreneurship. Instead, our results suggest that the growth of older … entrepreneurship is coincident with increasing access to income diversification, especially from dividend and interest income. We also …
Persistent link: https://www.econbiz.de/10013002861
identifying the correlation between household income and entrepreneurial orientation of management students. Responses are … with household income …
Persistent link: https://www.econbiz.de/10013017856
study is to analyze the association of household income with entrepre3neurial resourcefulness of management students. A … establish that household income had a profound impact on entrepreneurial resourcefulness …
Persistent link: https://www.econbiz.de/10013017859
about entrepreneurial saving decisions and their role in household wealth accumulation. First, entrepreneurial households … own a substantial share of household wealth and income, and this share increases throughout the wealth distribution and … studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in …
Persistent link: https://www.econbiz.de/10012470843