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Selection into Entrepreneurship and Self-Employment
Levine, Ross - 2018
We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …
Persistent link: https://www.econbiz.de/10012481000
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Entrepreneurial Decisions and Liquidity Constraints
Holtz-Eakin, Douglas - 1993
This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...
Persistent link: https://www.econbiz.de/10012474416
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Sticking it Out : Entrepreneurial Survival and Liquidity Constraints
Holtz-Eakin, Douglas - 1993
This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...
Persistent link: https://www.econbiz.de/10012474451
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Smart and Illicit : Who Becomes an Entrepreneur and Do They Earn More?
Levine, Ross - 2013
"illicit" tendencies as youths accounts for both entry into entrepreneurship and the comparative earnings of entrepreneurs. In …
Persistent link: https://www.econbiz.de/10012459385