, census, or representative enterprise surveys). The novelty of our approach is in the harmonisation of firm level data across …

forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …

suggests possible future research avenues. Key insights from the literature are that entrepreneurs may operate in imperfect … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …

opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative … indicate that the returns to a year of education for opportunity entrepreneurs are 3.5 percentage points higher than the paid … employees' rate of 8.1%, but 6.5 percentage points lower for necessity entrepreneurs. -- returns to education ; opportunity …