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distribution of individuals from different groups is obtained by comparing expected utilities from employment and entrepreneurship …
Persistent link: https://www.econbiz.de/10008560483
Augmenting a standard Bewley model with an entrepreneurial sector and occupational heterogeneity allows us to study important channels through which fiscal policies affect aggregate variables, factor prices, wealth distribution and welfare. To disentangle the forces involved, we consider...
Persistent link: https://www.econbiz.de/10004970360
Entrepreneurship is often credited with generating important positive economic externalities. For example … spillover. Governments increasingly view encouraging entrepreneurship as an important policy objective. Economists have long … studied the determinants of entrepreneurship. Taxation has also been found to be important, in particular income taxes and …
Persistent link: https://www.econbiz.de/10005645114
Entrepreneurial activity is often regarded as an engine for economic growth and job creation. Through tax policy, governments possess a potential lever to influence the decisions of economic agents to start and close small businesses. In Germany, the top marginal income tax rates were reduced...
Persistent link: https://www.econbiz.de/10005566693
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...
Persistent link: https://www.econbiz.de/10010573775
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively reciprocal ways. So far it is rarely analyzed whether these variables of social cognition influence everyday decision making behavior. We focus on entrepreneurs who are...
Persistent link: https://www.econbiz.de/10008784518
The influence of risk aversion on the decision to become self-employed is a much discussed topic in the entrepreneurial literature. Conventional wisdom asserts that the role model of an entrepreneur requires to make risky decisions in uncertain environments and hence that more risk-averse...
Persistent link: https://www.econbiz.de/10005566671
start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … in the market; and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage work … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …
Persistent link: https://www.econbiz.de/10010927913
This meta-analytical review of empirical studies of the impact of schooling on entrepreneurship selection and … entrepreneurship to farming. The education effect that separates workers into self-employment and wage employment is stronger for women …
Persistent link: https://www.econbiz.de/10005144501
This paper provides new theory and evidence on the relationship between ability and entrepreneurship. I show that there … is a U-shaped relationship between the probability of entrepreneurship and both a person's schooling and wage when … employed. This pattern can be explained in a model of occupational choice between wage work and entrepreneurship where a firm …
Persistent link: https://www.econbiz.de/10010871054