: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

Developing and emerging economies have high entrepreneurship rates and relatively many small firms. There is enormous … entrepreneurship at both edges of the size distribution. The model is then used to analyse the effects of productivity growth …, distortions, financial and labor market frictions, and risk. Capturing entrepreneurship across the size distribution allows for …

-farming entrepreneurship. We find that more productive farming households are more likely to also engage in non-farm entrepreneurship, allocate …

a positive relationship between an individual’s potential payoffs in working and in entrepreneurship. If some firms … consequence, the entrepreneurship rate falls with income per capita, average firm size and firm size dispersion increase with … income per capita, and "entrepreneurship out of necessity" falls with income per capita. The paper also documents, for two of …