Hombert, Johan; Schoar, Antoinette; Sraer, David Alexandre - HEC Paris (École des Hautes Études Commerciales) - 2013
We investigate how a large-scale French reform to reduce the risk from small business creation for unemployed workers, affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller, but have similar growth expectations...