Germany, the top marginal income tax rates were reduced exclusively for entrepreneurs in 1994 and 1999-2000. These tax reforms … a difference-in-difference-indifference estimation technique within a discrete time hazard rate model. The results …

start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … persist in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …

The paper makes three contributions to the economics literature on entrepreneurship. We offer a new measure of … entrepreneurship which accounts for variations in persistence in self-employment and as a result avoids the weakness of approaches …

-of-all-trades" view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self …