entrepreneurship activity. Our research design isolates idiosyncratic, quasi-random variation in stock market returns. An increase in … wealth on firm outcomes that corrects for the bias introduced by selection into entrepreneurship. An increase in stock market …

search intensity has two opposing effects on equity risk premium: It increases the price of risk by increasing the volatility … of the stochastic discount factor; it decreases the quantity of risk by decreasing the procyclicality of dividends …

A tractable model with infinitely lived agents is constructed for the examination of bubbles and unemployment. It is … demonstrated that the presence of bubbles stimulates capital accumulation and reduces unemployment. The presence of bubbles also … changes the effects of government policies that target unemployment and welfare conditions in the labor market. The main …

subsidy for entrepreneurship. I disagree. This Article argues that the preferential tax treatment of founders’ stock cannot be …