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Precautionary savings and the importance of business owners

Hurst, Erik; Kennickell, Arthur; Lusardi, Annamaria; … - 2006

In this paper, we show the pivotal role business owners play in estimating the importance of the precautionary saving motive. The fact that business owners hold higher-than-average wealth while facing higher income risk than other households leads to a correlation between wealth and labor income...

Persistent link: https://www.econbiz.de/10010298330

Businesswomen in Germany and their performance by ethnicity: it pays to be self-employed

Constant, Amelie F. - 2008

In this paper I assert that the entrepreneurial spirit can also exist in salaried jobs. I study the determinants of wages and the labor market success of two kinds of entrepreneurial women in Germany - self-employed and salaried businesswomen - and investigate whether ethnicity is important in...

Persistent link: https://www.econbiz.de/10010265025

Evolution on the shoulders of giants: entrepreneurship and firm survival in the German laser industry

Buenstorf, Guido - 2005

This paper studies 40 years of evolution in the German laser industry to test the generality of evolutionary patterns observed in the U.S. laser industry. Key characteristics found in the U.S. industry are also present in Germany. There is sustained entry into the industry, and neither a...

Persistent link: https://www.econbiz.de/10010267064

Mexican entrepreneurship: a comparison of self-employment in Mexico and the United States

Fairlie, Robert W.; Woodruff, Christopher - 2006

Nearly a quarter of Mexico's workforce is self employed. In the United States, however, rates of self employment among Mexican Americans are only 6 percent, about half the rate among non-Latino whites. Using data from the Mexican and U.S. population census, we show that neither industrial...

Persistent link: https://www.econbiz.de/10010267337

Entrepreneurship among married couples in the United States: a simultaneous probit approach

Parker, Simon C. - 2005

This article proposes a simultaneous probit equation framework to analyse the business ownership patterns of married couples in the United States. A structural model of knowledge spillovers within couples is formulated and estimated. Empirical analysis reveals significant and substantial...

Persistent link: https://www.econbiz.de/10010267672

African Americansà pursuit of self-employment

Lofstrom, Magnus; Bates, Timothy - 2007

differences in entrepreneurship. The barriers facing aspiring entrepreneurs seeking entry into low-barrier industries differ …

Persistent link: https://www.econbiz.de/10010268143

Mexican-American entrepreneurship

Fairlie, Robert W.; Woodruff, Christopher - 2008

less successful on average than non-Latino whites. We conduct a comprehensive analysis of Mexican-American entrepreneurship …

Persistent link: https://www.econbiz.de/10010268891

The persistence of self-employment across borders: new evidence on legal immigrants to the United States

Akee, Randall K. Q.; Jaeger, David A.; Tatsiramos, … - 2007

Using recently-available data from the New Immigrant Survey, we find that previous self-employment experience in an immigrant's country of origin is an important determinant of their self-employment status in the U.S., increasing the probability of being self-employed by about 7 percent. Our...

Persistent link: https://www.econbiz.de/10010268892

Latina entrepreneurship

Lofstrom, Magnus; Bates, Timothy - 2009

We utilize individual panel data from the 1996 and 2001 Survey of Income and Program Participation (SIPP) to analyze the relative success of self-employed female Hispanics. To allow for a meaningful comparison of earnings between self-employed and wage/salary employed women, we generate...

Persistent link: https://www.econbiz.de/10010269026

Who becomes an entrepreneur? Labor market prospects and occupational choice

Poschke, Markus - 2008

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 …. The paper shows that these facts can be explained in a model of occupational choice between wage work and entrepreneurship …

Persistent link: https://www.econbiz.de/10010269273

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