Entrepreneurship plays a vital role in the economy, yet there exists little well-identified research into the effects …

' innate talents, which in turn is associated with improved performance by locally headquartered firms. In essence, our results …

-collar jobs and the equilibrium effects on wages; earnings for the most risk-averse type would have to be nearly fifteen percent …

I propose a new mechanism for sluggish wages based on workers' noisy information about the state of the economy. Wages … higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment …