idiosyncratic entrepreneurial risk-- a risk that introduces, not only a precautionary motive for saving, but also a wedge between …

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 …

The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …

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 …

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

of idiosyncratic risk. We study this burden in the case of high-tech companies funded by venture capital. Over the past … attracting venture funding. Entrepreneurs with a coefficient of relative risk aversion of two and with less than $0.7 million ….4 million and the possibility of payoffs over $1 billion. We conclude that startups attract entrepreneurs with lower risk …

a start-up, or the inventor's effort cost in development is lower in a start-up. We test the theory using data from the … with the predictions of our theory …

business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started …

not to divide the shares equally among all founders. To motivate the empirical analysis we develop a simple theory of … differentiated allocation of founder equity. We test the predictions of the theory on a proprietary dataset comprised of 1 …. Further econometric tests suggest that, as predicted by the theory, this effect is driven by unobservable heterogeneity, and …