A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …

equity increases the mean probability of entrepreneurship by roughly 20 percent and that the effect is not concentrated at …

entrepreneurship and a different measure ofwealth – net housing equity – for the two groups. Second, we examine the liquidity … entrepreneurship by 17 percent and that the effect is not concentrated at theupper tail of the distribution. These estimates are not …