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relationshipbetween an individual’s potential payoffs in working and in entrepreneurship. If some firmsconsistently benefit more from … “entrepreneurship out of necessity” falls with income percapita. The paper also documents, for two of the facts for the first time, that …
Persistent link: https://www.econbiz.de/10009360578
We combine two empirical observations in a general equilibrium occupational choice model.The first is that entrepreneurs have more control than employees over the employment ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10009360633
the impacts both of risk aversionand balanced skills on the likelihood individuals choose entrepreneurship. Data on …-averse people might be suited to entrepreneurship; and it may alsohelp explain why prior research has generated mixed evidence about … the effects of riskaversion on selection into entrepreneurship.... …
Persistent link: https://www.econbiz.de/10009486995
Theory predicts that mandated employment protections may reduce productivity by distortingproduction choices. Firms facing (non-Coasean) worker dismissal costs will curtail hiringbelow efficient levels and retain unproductive workers, both of which should affectproductivity. These theoretical...
Persistent link: https://www.econbiz.de/10008939768