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Credit Crunches and Credit Allocation in a Model of Entrepreneurship
Bassetto, Marco - 2013
We study the effects of credit shocks in a model with heterogeneous entrepreneurs, financing constraints, and a realistic firm size distribution. As entrepreneurial firms can grow only slowly and rely heavily on retained earnings to expand the size of their business in this set-up, we show that,...
Persistent link: https://www.econbiz.de/10012459365
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Horatio Alger Meets the Mobility Tables
Holtz-Eakin, Douglas - 2000
The question of how entrepreneurship relates to income mobility is cogent given the current public debate about the … sources of income inequality and mobility in United States society. We examine how experience with entrepreneurship has … distribution over time, and to see how their mobility (or lack thereof) was affected by involvement with entrepreneurship. Our main …
Persistent link: https://www.econbiz.de/10012471152
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Sticking it Out : Entrepreneurial Survival and Liquidity Constraints
Holtz-Eakin, Douglas - 1993
This paper analyzes the role of liquidity constraints in the formation of new entrepreneurial enterprises. The basic empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the conditional amounts of depreciable assets, ceteris...
Persistent link: https://www.econbiz.de/10012474451