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Why do entrepreneurship rates differ so markedly by gender? Using data from a large, representative German household …-up decision and can explain the gender gap in entrepreneurship. Applying a decomposition analysis, we observe that the higher risk …
Persistent link: https://www.econbiz.de/10013052066
We view the entrepreneur as an agent who possesses human capital in the form of specific skills or talents. When she starts a firm, her human capital is essential to the firm and it has substantial private value. The entrepreneur transforms her human capital over time into what we call...
Persistent link: https://www.econbiz.de/10013316567
We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...
Persistent link: https://www.econbiz.de/10012768349
We estimate by means of indirect inference a structural economic model where firms' exit and investment decisions are the solution to a discrete-continuous dynamic programming problem. In the model the exit probability depends on the current capital stock and a measure of short-run...
Persistent link: https://www.econbiz.de/10013028914
The vast majority of federations lack exit clauses. Existing theoretical explanations of this stylized fact focus on issues of credible commitment, signaling, and the risk of strategic exploitation. However, such accounts are unable to explain the adoption by the European Union (EU) of Article...
Persistent link: https://www.econbiz.de/10012910625
This paper develops a theory of firm selection and growth and embeds it into an international trade framework of …
Persistent link: https://www.econbiz.de/10013316364
We integrate individual power in groups into general equilibrium models. The relationship between group formation, resource allocation, and the power of specific individuals or particular sociological groups is investigated. We introduce, via an illustrative example, three appealing concepts of...
Persistent link: https://www.econbiz.de/10013316483
Theories of market failures and targeting motivate the promotion of entrepreneurship training programs and generate …
Persistent link: https://www.econbiz.de/10013046581
opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market … conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability …
Persistent link: https://www.econbiz.de/10013035881
We study the relationship between ethnicity, occupational choice, and entrepreneurship. Immigrant groups in the United … entrepreneurship. Empirical evidence from the United States supports our model's underlying mechanisms …
Persistent link: https://www.econbiz.de/10012965722