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The literature on female entrepreneurship inWest Africa is vast and still growing. Historical accounts of precolonial West Africa indicate that women played a critical role in the development of market trading in the region, particularly in local and near-distant markets. The literature on...
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The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10003874776
business owners and non-business owners the size of precautionary savings with respect to labor income risk is modest and … artificially high estimate of the importance of precautionary savings. Data from the Survey of Consumer Finances further confirms … that precautionary savings account for less than ten percent of total wealth for both business owners and non …
Persistent link: https://www.econbiz.de/10012709732
The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...
Persistent link: https://www.econbiz.de/10011636261
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