We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity...

Understanding Entrepreneurship Across Countries and Over Time -- An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture -- Determinants of Entrepreneurship in France -- Determinants of Entrepreneurship in the Netherlands -- Determinants of Entrepreneurship in Germany --...

This is a chapter from a forthcoming book on the treatment of former entrepreneurs in the Dutch personal insolvency law (the Wsnp). To contribute a comparative perspective, this chapter contrasts the Dutch law and practice with developments in the United States, England and Wales, Germany,...