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This paper employs an original dataset for 146 US metropolitan areas to test some propositions that characterize two different models of organizing firms and industries: the managerial firm, epitomized by the work of Alfred Chandler, and the entrepreneurial system, recently highlighted by many...
Persistent link: https://www.econbiz.de/10010328455
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
-offs, including firms started by serial entrepreneurs. …
Persistent link: https://www.econbiz.de/10010267064
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
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
differences in entrepreneurship. The barriers facing aspiring entrepreneurs seeking entry into low-barrier industries differ … actual entrepreneurs. In the low-barrier industries, where the majority of black-owned businesses operate, net worth levels …
Persistent link: https://www.econbiz.de/10010268143
less successful on average than non-Latino whites. We conduct a comprehensive analysis of Mexican-American entrepreneurship …
Persistent link: https://www.econbiz.de/10010268891
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
earnings of Hispanic female entrepreneurs to both Latina wage/salary workers and to self-employed female non-Hispanic whites …. Latina entrepreneurs are observed to have lower mean earnings than both white female entrepreneurs and Latina employees …. However, our findings indicate that Latina entrepreneurs often do well, once differences in mean observable characteristics …
Persistent link: https://www.econbiz.de/10010269026
entrepreneurs, and spend more time in entrepreneurship. Among entrepreneurs, more of the firms run by individuals with low wages …Why do some people become entrepreneurs (and others don't)? Why are firms so heterogeneous, and many firms so small? To … start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and …
Persistent link: https://www.econbiz.de/10010269273