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 …

labor market institutions on entrepreneurship, wage determination, and firm size are analysed analytically and illustrated … numerically. The main result is that an increase in union power reduces the equilibrium rate of entrepreneurship and reduces the …