conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … opportunities in the wage/salary sector leaving the net effect on entrepreneurship ambiguous. The most up-to-date microdata … entrepreneurship at the individual level to shed light on this question. Regression estimates indicate that local labor market …

relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …

relationship to size requires untangling cost and profit from decisions about risk versus expected return because both cost and … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …

) approach was used to test the harmonization hypothesis relating the capital account ratio to the profit rate across the …

This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …

-wanted ads and an unemployment subsidy, is highly contractionary. However, it leads to large welfare gains. The policy also plays …