This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …

. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and … innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who … become entrepreneurs by limiting the downside risk. The effort of entrepreneurs may, however, be hampered by high risk …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …

entrepreneurship and unemployment with endogenous job destructions. Entry decision into entrepreneurship is affected by an … opportunistic effect and a separation effect, which is strengthened by surging unemployment risk in recessions. I show that the …