Showing 1 - 10 of 11
This paper identifies several distortions which create barriers to entrepreneurship. First, in addition to the innate … entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with … access to within-family ownership transfer, the outside market for entrepreneurship operates as a lemon's market. This …
Persistent link: https://www.econbiz.de/10010264173
The paper shows how entrepreneurial taxes interact with the career choice of individuals, the quality of entrepreneurs, and their effort and investments. It is particularly relevant to differentiate the early effects on start-up enterprises with substantial uncertainty from the tax effects on...
Persistent link: https://www.econbiz.de/10010261388
Throughout the Western world, people's policy preferences are correlated across domains in a strikingly similar fashion …
Persistent link: https://www.econbiz.de/10012859985
This paper presents novel stylized facts about the global variation in universalism, leveraging nationally representative surveys across 60 countries (N=64,000). We find large variation in universalism within and across countries, which almost entirely reflects heterogeneity in people’s moral...
Persistent link: https://www.econbiz.de/10014241312
This paper presents a new set of stylized facts about the global variation in universalism, leveraging hypothetical money allocation tasks deployed in representative samples of 64,000 people from 60 countries. Our data reveal large variation in universalism within and across countries, which...
Persistent link: https://www.econbiz.de/10014082166
According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have generated a value system conducive to revenge-taking and violence. We test the economic significance of this idea at a global scale using a combination of ethnographic and...
Persistent link: https://www.econbiz.de/10013308100
This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...
Persistent link: https://www.econbiz.de/10010276142
Early-stage uncertainty makes the initial cost of capital greater than the expansion-stage one. Tax effects on enterprise formation, entrepreneurial effort and quality, and on capital costs are derived. For an incorporated enterprise (i) the entrepreneur's ability threshold rises with the tax...
Persistent link: https://www.econbiz.de/10010261281
shape equilibrium entrepreneurship in an occupational choice model. Differential social insurance of entrepreneurial and … labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect of public … production of private goods on entrepreneurship dominates the crowding-in effect of public production of public goods in the OECD …
Persistent link: https://www.econbiz.de/10010314886
The paper introduces a model of enterprise formation in a unionized economy with labor protection and wage bargaining. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The predictions of the model are tested in...
Persistent link: https://www.econbiz.de/10010314914