commercialization with the startup. While the prevailing theory of disruptive innovation suggests that this will lead to (exclusively …

We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …

Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …

firms (entrepreneurship) and the average quality of management (meritocracy). Legal reform also reduces financial … constraints on entry, but in addition it facilitates transfers of control of incumbent firms, from untalented to talented managers … improve meritocracy at the expense of entrepreneurship. As a result, legal reform encounters less political opposition than …

This paper begins the task of explaining why the American business elite has remained white, male and mostly native … that this demographic group makes the best business managers. I suggest that this in turn is not because they are …

aversion, higher initial assets, preferences for entrepreneurship over employment, and optimistic beliefs about the payoffs …

an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …

soliciting the current client in the event of termination of employment. The socially optimal level of entrepreneurship will … are too restrictive and produce too little entrepreneurship, and governments can increase welfare by limiting enforcement …