Entrepreneurship in most advanced economies is in decline. This comes as a surprise: many scholars have expected an … upsurge in entrepreneurship. What are the reasons for the decline? In this paper I first document the extent of the decline in …-side view and moreover fail to explain why the decline in entrepreneurship is largely confined to economies with high levels of …

entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …. The model predicts that, with liquidity constraints, the probability of entering entrepreneurship is an increasing … wealth profile for the fraction of workers in entrepreneurship, start-up costs weaken this relationship by depressing the …

European context comparing results from Spain, Italy and the Netherlands. Using these large and comparable data sets, our logit … employment. Similar results were found for fathers in Spain and Italy. Perhaps the most striking result is the very strong …

Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of … balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual …

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 …