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Economically active people are either in gainful employment, are unemployed or self-employed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However,...
Persistent link: https://www.econbiz.de/10002416912
"This paper demonstrates that levels of entrepreneurship can be greatly affected by the general policy environment …. Using a state-level panel, we estimate the effects of several policy variables on rates of entrepreneurship and find that … bankruptcy exemptions, corporate tax rates, and the level of the minimum wage all affect a state's rate of entrepreneurship. For …
Persistent link: https://www.econbiz.de/10003115154
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