Showing 1 - 10 of 10
to benefit innovation more than extrinsic motives such as pay …
Persistent link: https://www.econbiz.de/10012464204
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...
Persistent link: https://www.econbiz.de/10012466069
Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful...
Persistent link: https://www.econbiz.de/10012453226
Low- and middle-income college borrowers often struggle with economic opportunity and loan burdens after leaving school. However, some institutions, including some non-selective schools, do a good job of providing economic mobility to low-income students. This implies that there is scope for a...
Persistent link: https://www.econbiz.de/10012455563
Instructors are a chief input into the higher education production process, yet we know very little about their role in promoting student success. This is in contrast to elementary and secondary schooling, for which ample evidence suggests teacher quality is an important determinant of student...
Persistent link: https://www.econbiz.de/10012455682
A growing theoretical and empirical literature shows that public recognition can lead employees to exert greater effort. However, status competition is also associated with excessive expenditure on status goods, greater likelihood of bankruptcy, and more risk taking by money managers. This paper...
Persistent link: https://www.econbiz.de/10012455688
This paper reviews the recent literature on measuring and boosting cognitive and noncognitive skills. The literature establishes that achievement tests do not adequately capture character skills|personality traits, goals, motivations, and preferences that are valued in the labor market, in...
Persistent link: https://www.econbiz.de/10012457917
This paper examines a cost-reducing innovation to the delivery of "Self-Help Group" microfinance services. These groups … innovation is to have the agents earn their payment by charging membership fees rather than following the status quo in which the … problem. Empirically, we evaluate this innovation in East Africa using a randomized control trial. We find that privatized …
Persistent link: https://www.econbiz.de/10012459692
The large literature on costly signaling and the somewhat scant literature on preference signaling had varying success in showing the effectiveness of signals. We use a field experiment to show that even when everyone can send a signal, signals are free and the only costs are opportunity costs,...
Persistent link: https://www.econbiz.de/10012461318
This paper develops a model of repeated innovation with knowledge spillovers. The model's novel feature is that firms … compete on two dimensions: 1) product quality or cost, where one firm's innovation ultimately spills over to other firms; and … some circumstances dramatically reduce the long-run average level of innovation; 2) they lead to endogenous bunching, or …
Persistent link: https://www.econbiz.de/10012474137