Using the 1996-2001 Chilean CASEN Panel Survey, this paper analyzes the impact onincome of the switch from salaried employment to entrepreneurship (self-employment andleadership of micro-enterprises). By means of a difference-in-differences non-parametricmatching estimator the paper alleviates...

This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...

This paper estimates a structural model of the employment decision of the firm. Ourestablishment level data displays an extreme degree of rigidity in that employment levels arelargely constant throughout our sample...

In a perfect labor market severance payments can have no real effects as they can beundone by a properly designed labor contract (Lazear 1990). We give empirical content tothis proposition by estimating the effects of EPL on entry wages and on the tenure-wageprofile in a quasi-experimental...

This paper analyzes the long-term effects of graduating in a recession on earnings, job mobility, and employer characteristics for a large sample of Canadian college graduates using matched university-employer-employee data from 1982 to 1999. The results are used to assess the role of job...

Persistent productivity gains to rural-urban migrants have been documented by a number ofresearchers. One interpretation of this result is that individuals learn higher value skills incities than they would have learned in less dense areas. Another explanation for this result,however, is that...

We compare the returns to education (RTE) for entrepreneurs and employees, based on 19waves of the NLSY database. By using instrumental variable techniques (IV) and takingaccount of selectivity, we find that the RTE are significantly higher for entrepreneurs than foremployees (18.3 percent and...

One important concern of governments in developing countries is on how to phase-out largesafety nets programs. This paper evaluates the short run effects of one possible exit strategy,programs that promote self-employment, in Argentina. We provide evidence that a smallfraction of beneficiaries...