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We develop a model of occupational choice and entrepreneurship in the presence of relative wealth concerns. A concern … entrepreneurial returns are not diversifiable, which results in less entrepreneurship than would be the case with complete markets …. Relative wealth concerns are shown to lead to an increase in entrepreneurship and risk-taking, mitigating this difficulty …
Persistent link: https://www.econbiz.de/10005800114
Which role do individual income prospects play in the decision to be an entrepreneur rather than an employee? In a model of occupational choice, higher expected after-tax earnings attract people to self-employment, while more risky net earnings deter risk-averse individuals. In this paper I...
Persistent link: https://www.econbiz.de/10005068790
When possible income tax reforms are debated, the suspected impact on entrepreneurship is often used as an argument in … entrepreneurship based on microeconometric research have not been provided by the literature, however. This paper estimates the ex …
Persistent link: https://www.econbiz.de/10005069001
one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …
Persistent link: https://www.econbiz.de/10008869171