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Selection into Entrepreneurship and Self-Employment
Levine, Ross - 2018
We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts—and the data confirm—that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …
Persistent link: https://www.econbiz.de/10012906767
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Dinner Table Human Capital and Entrepreneurship
Hvide, Hans K. - 2018
We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …
Persistent link: https://www.econbiz.de/10012930345
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Public Knowledge, Private Knowledge : The Intellectual Capital of Entrepreneurs
Link, Albert; Ruhm, Christopher J. - 2021
This paper focuses on the innovative actions of entrepreneurs, namely their tendency to reveal the intellectual capital that results from their research efforts either in the form of public knowledge (publications) or private knowledge (patents). Using data collected by the National Research...
Persistent link: https://www.econbiz.de/10013224709
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Financial Capital, Human Capital, and the Transition to Self-Employment : Evidence from Intergenerational Links
Dunn, Thomas A.; Holtz-Eakin, Douglas - 2021
The environment for business creation is central to economic policy, as entrepreneurs are believed to be forces of innovation, employment and economic dynamism. We use data from the National Longitudinal Surveys (NLS) to investigate the relative importance of financial and human capital...
Persistent link: https://www.econbiz.de/10013228243
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Human Capital and the Income Tax
Kaplow, Louis - 2011
This article examines how to treat human capital -- perhaps the vast majority of the capital stock -- under an ideal, Haig-Simons income tax. Innate ability, investments in human capital, and uncertainty in future earnings are considered. It is demonstrated that conventional income tax treatment...
Persistent link: https://www.econbiz.de/10013127764
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The Effect of Evaluation on Performance : Evidence from Longitudinal Student Achievement Data of Mid-Career Teachers
Taylor, Eric S. - 2011
The effect of evaluation on employee performance is traditionally studied in the context of the principal-agent problem. Evaluation can, however, also be characterized as an investment in the evaluated employee's human capital. We study a sample of mid-career public school teachers where we can...
Persistent link: https://www.econbiz.de/10013128610
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Intergeneration Transfer of Human Capital : Results from a Natural Experiment in Taiwan
Tsai, Wehn-Jyuan - 2011
We exploit a natural experiment to estimate the causal impact of parental education on educational outcomes of their children when they are high school seniors. In 1968, the Taiwanese government extended compulsory education from 6 to 9 years and opened over 150 new junior high schools at a...
Persistent link: https://www.econbiz.de/10013128611
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Does Input Quality Drive Measured Differences in Firm Productivity?
Fox, Jeremy T. - 2011
Firms in the same industry can differ in measured productivity by multiples of 3. Griliches (1957) suggests one explanation: the quality of inputs differs across firms. We add labor market history variables such as experience and firm and industry tenure, as well as general human capital...
Persistent link: https://www.econbiz.de/10013128897
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The Contribution of Human Capital to China's Economic Growth
Whalley, John - 2010
This paper develops a human capital measure in the sense of Schultz (1960) and then reevaluates the contribution of human capital to China's economic growth. The results indicate that human capital plays a much more important role in China's economic growth than available literature suggests,...
Persistent link: https://www.econbiz.de/10013135239
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How Much Do Educational Outcomes Matter in OECD Countries?
Hanushek, Eric A. - 2010
Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of economic institutions and quantitative measures of...
Persistent link: https://www.econbiz.de/10013136356