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From Elihu Thomson and Herbert Dow in the late nineteenth century to Steve Jobs a hundred years later, many entrepreneurs have been stymied by their investors. In this paper, we use a simple model to explore how outcomes might have been different if entrepreneurs, instead of the investors, had...
Persistent link: https://www.econbiz.de/10014250124
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Introduction / Josh Lerner and Antoinette Schoar -- International perspectives on the nature of entrepreneurship … -- Explaining international differences in entrepreneurship: the role of individual characteristics and regulatory constraints … Colombian case / Camilo Mondragón-Vélez and Ximena Peña -- Entrepreneurship and firm formation across countries / Leora Klapper …
Persistent link: https://www.econbiz.de/10013480724
. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue …
Persistent link: https://www.econbiz.de/10012585405
potential long-run impact on individuals over decades and even generations. History, however, offers a solution. Historical …
Persistent link: https://www.econbiz.de/10012481108
What are the medium- to long-term effects of pandemics? How do they differ from other economic disasters? We study major pandemics using the rates of return on assets stretching back to the 14th century. Significant macroeconomic after-effects of pandemics persist for about decades, with real...
Persistent link: https://www.econbiz.de/10012481892
This paper presents new homogeneous series on top wealth shares from 1916 to 2000 in the United States using estate tax return data. Top wealth shares were very high at the beginning of the period but have been hit sharply by the Great Depression, the New Deal, and World War II shocks. Those...
Persistent link: https://www.econbiz.de/10012468294
I discuss available evidence about the evolution of top wealth shares in the United States over the last one hundred years. The three main approaches - Survey of Consumer Finances, estate tax multiplier techniques and capitalization method - generate generally consistent findings until mid-1980s...
Persistent link: https://www.econbiz.de/10012457932
We study the role of distance and time in statistically explaining price dispersion for 14 commodities from 1732 to 1860. The prices are reported for US cities and Swedish market towns, so we can compare international and intranational dispersion. Distance and commodity-specific fixed effects...
Persistent link: https://www.econbiz.de/10012458419
Nearly a quarter of Mexico's workforce is self employed. But in the U.S. rates of self employment among Mexican Americans are only 6 percent, about half the rate among non-Latino whites. Using data from the Mexican and U.S. population census, we show that neither industrial composition nor...
Persistent link: https://www.econbiz.de/10012467152