Emigration of young, motivated individuals may deprive countries-of-origin of entrepreneurs. We isolate exogenous …

We present new empirical evidence on the distribution of earnings, income and wealth among entrepreneurs in Germany. We … document that both earnings and income are more concentrated among entrepreneurs than among workers and describe a large … of the German pay-as-you-go pension system in which entrepreneurs must also contribute and receive a pension. We show …

are informed about personal characteristics in the second game. Results show that guilt-averse women are significantly … negative externality. Interestingly, we find that women are not sensitive to the decision context, i.e., even when social …

number of entrepreneurs, and makes entrepreneurs worse off. We calibrate the model to match U.S. manufacturing data. This … to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean … returns to entrepreneurship compared to average wages …

This paper explores the impact of credit market on the entrepreneurs and demand for credit in a credit constrained … due to presence/absence of entrepreneurs, i.e., low price of capital in autarky may reflect lack of demand for credit due … to scarcity of entrepreneurs and not capital abundance and eventually may lead to capital outflow from a capital scarce …