.Entrepreneurs' investment and savingdecisions are interdependent and costly external financing for entrepreneurialinvestments has important … possible that entrepreneurialselection and investment decisions have important implications for models ofaggregate household …

returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … studies of household saving decisions in general and of the savings decisions of wealthy or high-income households in …