entrepreneurs have fixed-time endowments to run their daily operations. As firms grow larger, the need to delegate decision …. We calibrate the model to firm-level data from the U.S. and India. We show that the model is quantitatively consistent … quantitative analysis shows that the low efficiency of delegation in India can account for 5% of productivity and 15% of income …

We quantify the link between the timing of state-level implementations of political reservations for women in India … with the role of women in India's manufacturing sector. While overall employment of women in manufacturing does not …/informal sector. These new establishments were concentrated in industries where women entrepreneurs have been traditionally active and …

, India, we find that “gung ho entrepreneurs” (GEs), households who were already running a business before microfinance … model of technology choice in which talented entrepreneurs can access either a diminishing-returns technology, or a more … entrepreneurial ability is important and persistent. For talented but low-wealth entrepreneurs, short-term access to credit can indeed …

incorporated firms to hire capital.This paper makes this point with a simple, capital-less model featuring entrepreneurs, with … entrepreneurs to diversify their assets. In discouraging incorporation, the corporate tax taxes business risk-sharing, keeping more … entrepreneurs private and, thus, exposed to more risk. The added risk experienced by these entrepreneurs limits their demands for …

justification for this pattern based on adverse selection that entrepreneurs face in credit markets. Individuals choose between … becoming entrepreneurs or workers and differ in their skill in both of these occupations. I find that endogenous cross …