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empirical strategy is to determine whether an individual's wealth affects the probability of becoming an entrepreneur, and the …
Persistent link: https://www.econbiz.de/10012474416
This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill. We show that entrepreneurs with a track record of success are more likely to succeed than first time entrepreneurs and those who have previously failed. Funding by more...
Persistent link: https://www.econbiz.de/10012466069
Many observers, and many investors, believe that young people are especially likely to produce the most successful new firms. We use administrative data at the U.S. Census Bureau to study the ages of founders of growth-oriented start-ups in the past decade. Our primary finding is that successful...
Persistent link: https://www.econbiz.de/10012453226
spells. In this paper I focus on focus on one form of resources, own wealth holdings. I find that the median worker has … tremendous heterogeneity in wealth holdings; almost one-third of workers can't even replace 10% of their income loss. Most … strikingly, ex-ante wealth holdings decline precipitously with realized unemployment durations, both absolutely and (especially …
Persistent link: https://www.econbiz.de/10012471436
By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer … benefits among covered workers. All classes of wealth holders enjoyed increased wealth from employer provided retirement plans …
Persistent link: https://www.econbiz.de/10012471464
who reside in Western countries, and those who inherited substantial wealth, are wealthier than other billionaires. The …
Persistent link: https://www.econbiz.de/10012660039
This paper uses administrative tax data to estimate top wealth in the United States. We assemble new data that links … that twenty percent of total pass-through business wealth accrues to those with losses. We combine this new data on fixed … income and pass-through business returns with refined estimates of C-corporation equity, housing, and pension wealth to …
Persistent link: https://www.econbiz.de/10012660052
Focusing on bipolar disorder (BD), we investigate the link between mental health, creativity, and wealth. Analyzing … jobs. We also show people in the top decile of parental wealth are seven times as likely to work in creative professions … compared with the bottom decile. Yet, wealth differences only explain a small portion of the link between BD and creativity …
Persistent link: https://www.econbiz.de/10012660100
We use a sufficient statistic approach to quantify the general equilibrium effects of population aging on wealth … countries, we measure the compositional effect of aging: how a changing age distribution affects wealth-to-GDP, holding the age … wealth-to- GDP ratios, lower asset returns, and widen global imbalances through the twenty-first century. These conclusions …
Persistent link: https://www.econbiz.de/10012616609
risky financial portfolios. We find that educational and health attainments of household heads and household wealth lead to …
Persistent link: https://www.econbiz.de/10012814424