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Self-Employment Dynamics and the Returns to Entrepreneurship
Dillon, Eleanor Wiske - 2017
with experimentation to learn about earnings. This pattern motivates estimating the expected returns to entrepreneurship … found to constitute a substantial portion of the monetary value of entrepreneurship. The model is then used to evaluate …
Persistent link: https://www.econbiz.de/10012963153
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Overconfidence and Occupational Choice
Lazear, Edward P. - 2016
A statistical theory of overconfidence is proposed and applied to the issue of occupational choice. Individuals who can choose whether to engage in an activity or not must estimate their performance. The estimates have error and that error has positive expectation among those who engage in the...
Persistent link: https://www.econbiz.de/10013000521
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Ben-Porath Meets Lazear : Lifetime Skill Investment and Occupation Choice with Multiple Skills
Cavounidis, Costas - 2017
We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by...
Persistent link: https://www.econbiz.de/10012957348
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What Should I Be When I Grow Up? Occupations and Unemployment Over the Life Cycle
Gervais, Martin - 2014
Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market that features learning about occupational fit. In order to learn the occupation in which they are most productive, workers sample occupations over their careers. Because young...
Persistent link: https://www.econbiz.de/10013044973
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Occupational Choice and Development
Eeckhout, Jan - 2014
The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output gains are U-shaped: A worldwide labor market...
Persistent link: https://www.econbiz.de/10012751700
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Social Networks, Ethnicity, and Entrepreneurship
Kerr, William - 2015
We study the relationship between ethnicity, occupational choice, and entrepreneurship. Immigrant groups in the United … and result in occupational stratification along ethnic lines via concentrated entrepreneurship …
Persistent link: https://www.econbiz.de/10013014661
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Dynamism Diminished : The Role of Housing Markets and Credit Conditions
Davis, Steven J. - 2019
The Great Recession and its aftermath saw the worst relative performance of young firms in at least 35 years. More broadly, as we show, young-firm activity shares move strongly with local economic conditions and local house price growth. In this light, we assess the effects of housing prices and...
Persistent link: https://www.econbiz.de/10012894432
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Which Immigrants are Most Innovative and Entrepreneurial? Distinctions by Entry Visa
Hunt, Jennifer - 2009
education and field of study, but this is not the case for publishing, and immigrants are more likely to start companies than … natives with similar education. Immigrants without U.S. education and who arrived at older ages suffer a wage handicap, which … offsets savings to the United States from their having completed more education abroad. Immigrants who entered with legal …
Persistent link: https://www.econbiz.de/10013160338
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Does Career Risk Deter Potential Entrepreneurs?
Gottlieb, Joshua D. - 2019
giving birth after a cutoff date, we study whether the option to return to a previous job increases entrepreneurship. A … regression discontinuity design reveals that longer job-protected leave increases entrepreneurship by 1.9 percentage points …
Persistent link: https://www.econbiz.de/10012903089
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Minority Self-Employment in the United States and the Impact of Affirmative Action Programs
Blanchflower, David G. - 2021
n this paper I examine changes in self-employment that have occurred since the early 1980s in the United States. It is a companion paper to a recent equivalent paper that related to the UK. Data on random samples of approximately twenty million US workers are examined taken from the Basic...
Persistent link: https://www.econbiz.de/10013243450