Colaiacovo, Innessa; Dalton, Margaret G.; Pekkala Kerr, Sari - National Bureau of Economic Research - 2022
workforce, its composition has changed. Since 1970, industries with high startup capital requirements have declined from 53% of … probability of the self-employed being among top earners. Using 2016 data, we show that high startup capital requirements are … linked with lower profitability at small scales. The transition away from high startup capital industries appears most …