start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage work …. The paper shows that these facts can be explained in a model of occupational choice between wage work and entrepreneurship …

The transition economies have lower rates of entrepreneurship than are observed in most developed and developing market …

Entrepreneurs out of necessity identified by the Global Entrepreneurship Monitor survey are a sizeable group across …

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … entrepreneurship, but has less pronounced effects for entrepreneurial entry. The availability of finance and the fiscal burden matter …

-2005 individual-level Global Entrepreneurship Monitor data merged with macro level variables. A simple correlation coefficient …

-level institutional indicators for 47 countries with working age population survey data taken from the Global Entrepreneurship Monitor …

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 …

We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across … grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001 …

both high aspiration and low aspiration entrepreneurship. We also find that women benefit more from the larger informal …