one of the most prominent determinants of entrepreneurship - education - and approximately three times larger than …

opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative … indicate that the returns to a year of education for opportunity entrepreneurs are 3.5 percentage points higher than the paid … employees' rate of 8.1%, but 6.5 percentage points lower for necessity entrepreneurs …

, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … entrepreneurship …

, lenders may charge higher interest rates or ration credit supply, which can hamper entrepreneurship. Both aspects of a more … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but … entrepreneurship." …

behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and … reciprocity influence the exit probability of entrepreneurs; and iii) willingness to trust and to act reciprocally influences the … entrepreneurial development. Interestingly, entrepreneurs are more trustful than employees, but much less trustful than managers …

behavior. We focus on entrepreneurs who are permanently facing exchange processes in the interplay with investors, sellers, and … reciprocity influence the exit probability of entrepreneurs; and iii) willingness to trust and to act reciprocally influences the … entrepreneurial development. Interestingly, entrepreneurs are more trustful than employees, but much less trustful than managers …

precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs … private wealth balance sheets. Entrepreneurs, who face high income risk, hold more wealth than employees, but it is shown that … this is not due to precautionary motives. Entrepreneurs may rather save for old age, as they are usually not covered by …

-employment into self-employment with incorporated businesses (as a proxy for entrepreneurship) and self-employment with unincorporated …

on a new and larger sample of about 2,600 adults from the German Socioeconomic Panel-Innovation Sample (SOEP-IS). We find …