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The in°uence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that being an entrepreneur means making risky decisions in uncertain environments; hence more risk-averse individuals are less likely to...
Persistent link: https://www.econbiz.de/10010297253
distribution. Comparing weighted samples of survey and tax data, we find patterns that are in line with the literature: Average … income from self-employment and from rent and lease in the survey is higher than in the tax data, increasing in upper … countries and data sources before. We use the German Socioeconomic Panel and the Taxpayer Panel, estimating food, housing cost …
Persistent link: https://www.econbiz.de/10012745156
The influence of risk aversion on the decision to become self-employed is a much discussedtopic in the entrepreneurial literature. Conventional wisdom asserts that the role model of anentrepreneur requires to make risky decisions in uncertain environments and hence thatmore risk-averse...
Persistent link: https://www.econbiz.de/10005869676