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We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in … entrepreneurship; and (ii) the negative relation between leverage and entrepreneurship increases with income volatility. Our model also … shows that the link between housing wealth and entrepreneurship is ambiguously signed because of competing portfolio and …
Persistent link: https://www.econbiz.de/10013013728
We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …
Persistent link: https://www.econbiz.de/10013044547