receiving grades increases the probability of high school graduation for boys and girls with compulsory school educated parents …

often claim that financing and difficulties to find a firm willing to manufacture the invention are the largest problems …

Children who can count on support from altruistic parents may not try hard to succeed in the labor market. Moreover …, parental altruism makes withdrawal of such support non-credible. To promote work effort, parents may want to instill norms … insurance pools risk across families, we show that it also creates a free-rider problem among parents in terms of norm formation. …

We survey the literature on venture capital and institutions and present a case study comparing the development of the …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

Previous research, notably Baumol (1990), has highlighted the role of insti-tutions in channeling entrepreneurial … institutions—entrepreneurs often help shape institutions themselves. The bilateral causal relation between entrepreneurs and … institutions is examined in this paper. Entrepreneurs affect institutions in at least three ways. Entrepreneurship abiding by …

, who are renowned specialists in the area and with deep knowledge of the pertinent institutions in Sweden and the US. These …