survival, but lag behind regular business founders in terms of income, business growth and innovation. Moreover, we show that …

This paper estimates an unobserved components model to explore the macro dynamics of entrepreneurship in Spain and the … US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …

the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence … about the effects of risk aversion on selection into entrepreneurship. …

absence of a network. Thus, the formation of the network is inefficient as entrepreneurs incur networking costs for purely …

enter entrepreneurship, we find that the conventional practice of conflating different industry types in empirical analyses … of transitions to entrepreneurship generates misleading findings about the determinants of entrepreneurship. …

individuals have the lowest probability of needing to search for a business opportunity outside their family. A sample of data on …