We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched … worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self …-employment, but also employment in partly self-owned limited liability firms. Based on this extended entrepreneurship concept, we find …

Since the early 1980s, the role and general perception of entrepreneurship and start-up activities has changed … public goods characteristic but it is also uncertain. With that perspective, the role of entrepreneurship is to take on the … over to the start-up firm and therefore entrepreneurship can be expected to have a positive impact on economic performance …

While a large literature has emerged focusing on nascent entrepreneurship, the propensity for ex-entrepreneurs to … consider re-entering into entrepreneurship, or what we term here as renascent entrepreneurship, has been generally overlooked … underlying but unobservable endowment of entrepreneurial skills from entering into entrepreneurship, there is virtually nothing …