one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …

, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … entrepreneurship. …

Why do people engage in entrepreneurship and commit large parts of their personal wealth to their business, despite … 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 …

We investigate how personal income taxes affect the portfolio share of personal wealth that entrepreneurs invest in … into entrepreneurship, we use changes in entry regulation into skilled trades. Estimation results are consistent with the …

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. …