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We model entrepreneurship and the emergence of firms as a result of simultaneous bidding for labor services among … individual wages, but always raises the averagewage and depresses the average incomes of incumbent entrepreneurs- strictly so if …
Persistent link: https://www.econbiz.de/10011377467
the likelihood that he/she starts a business.Implications for entrepreneurship research and practice are discussed. …
Persistent link: https://www.econbiz.de/10011379198
The main contribution of entrepreneurship theory to economics is to provide an account of market performance in …
Persistent link: https://www.econbiz.de/10011377541
Two approaches can be distinguished with respect to modelling entrepreneurship: (i) the approachfocusing on the net …
Persistent link: https://www.econbiz.de/10011333271
spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …
Persistent link: https://www.econbiz.de/10011379475
? Our individual fixed-effects estimates of the differential returns to ability for spells in entrepreneurship versus wage … ability has a stronger impact on entrepreneurial incomes than on wages. Entrepreneurs and employees benefit from different … sets of specific abilities: Language and clerical abilities have a stronger impact on wages, whereas mathematical, social …
Persistent link: https://www.econbiz.de/10011376647
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Persistent link: https://www.econbiz.de/10009720711
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011378332
We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...
Persistent link: https://www.econbiz.de/10011338011