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entrepreneurs whose firms were founded in industries where they had no prior work experience. Our results are consistent with a view … that individuals who took advantage of the unlocked home equity were entrepreneurs with less-well-established track records … consistent with this view, we find that firms founded by treated entrepreneurs included an increase in longer-lasting businesses …
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point increase in entrepreneurship, equivalent to a 4% increase in the number of entrepreneurs. New entrants were more …
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We examine the relationship between house prices and entrepreneurship using micro data from the US Census Bureau. Increases in house prices are often thought to drive entrepreneurship through unlocking the collateral channel for bank loans, but this interpretation is challenged by worries...
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point increase in entrepreneurship, equivalent to a 4% increase in the number of entrepreneurs. New entrants were more …
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entrepreneurs before. Peer influences also appear to be substitutes for other sources of entrepreneurial influence: we find that …
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attract entrepreneurs, leaving no capital to fund the most radical, experimental projects in the economy. The impact of …
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Entrepreneurship research is on the rise but many questions about its fundamental nature still exist. We argue that entrepreneurship is about experimentation: the probabilities of success are low, extremely skewed and unknowable until an investment is made. At a macro level experimentation by...
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