Fossen, Frank M.; Rostam-Afschar, Davud - Forschungsbasierte Infrastruktureinrichtung … - 2009
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of … private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that … statutory pension insurance. The analysis accounts for endogeneity of entrepreneurial choice. …