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 …

We study the link between homeownership and entrepreneurship using a model of occupational choice and housing tenure … and entrepreneurship is increasing in mortgage debt; and (iii) the negative relation is more pronounced for entrepreneurs …