It is widely assumed that pervasive credit market failures mean that a person's current wealth is critical to whether or not that person can take up opportunities to start a new business. The authors show that inequality in wealth can be either good or bad for the level of entrepreneurship in an...

This paper investigates how the permanent departure of the father from a household affects children's school enrollment and work participation in rural Colombia. The results indicate that the permanent departure of the father decreases children's school enrollment by approximately 5 percentage...

The literature on the theory of the firm is rich in theoretical and practical insights. The key messages in this overview are the following: (a) the modern theory of the firm provides many insights into political organization, for political jurisdictions can be viewed as pseudo-firms that...