assessing the relationship between households' initial net wealth and the probability to switch to entrepreneurship in Italy and … exposure to financial risk, would positively affect transition into entrepreneurship. Therefore, I fill a gap in the literature … entrepreneurship and changes in net wealth. Using a sample selection model with endogenous switching allows me to deal with endogeneity …

between initial household net wealth and the probability of switching to entrepreneurship in Italy and the United States … exposure to financial risk, would positively affect transition into entrepreneurship. Therefore, I fill a gap in the literature … financial sophistication. Last but not least, I simultaneously estimate the probability of switching to entrepreneurship and …

entrepreneurship. We then exploit the cross-household variation in the timing of these transfers and nd that current occupational … a simple occu- pational choice model, we argue that the program has promoted entrepreneurship by enhancing the …

wealth, choose between entrepreneurship and wage-earning. A loan is required to become an entrepreneur. Four wealth classes …

. Individuals who differ in terms of entrepreneurial ability and wealth choose between entrepreneurship and wage-earning, and the …