stability (length of job tenure), the job security (short duration of unemployment after an external mobility) and the income …, variables connected to the job are the most important to explain employment stability and income security. On the other hand …

We investigate the private returns for academics that start new businesses. Total earnings for the universe of 478 … gradual process and quite episodic. Earnings are similar before and after becoming an entrepreneur and dividends and capital … gains are inconsequential. But the income risk is more than three times higher in entrepreneurship …