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 …

Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new … employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of …

into U.S. neighborhoods with no coffee shops increased entrepreneurship. We find that, when compared to census tracts that …

underrepresented founders. The article ends with an extensive set of research ideas motivated by the gaps in the entrepreneurship …

, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time …-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic … entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically …

economic activity in the form of higher entrepreneurship. Using administrative census data linked to the complete formal …

We use data on stock portfolios of Norwegian households to show that stock market wealth increases entrepreneurship by … entrepreneurship. Higher wealth causally increases firm profitability, an indication that it relaxes would-be entrepreneurs' financial …

with experimentation to learn about earnings. This pattern motivates estimating the expected returns to entrepreneurship … found to constitute a substantial portion of the monetary value of entrepreneurship. The model is then used to evaluate …

particular, by far the most important determinant of entrepreneurship is having background in a large number of different roles …

self-employment to 23%. This same time period also witnessed declines in "hometown" local entrepreneurship and the …