Continued improvements in life expectancy and fiscal insolvency of public pensions have led to an increase in pension … of retirement complicate the estimation of effects of retirement on subjective well-being as financial circumstances may … influence subjective well-being, and therefore, the effects of retirement are likely to be confounded by the change in income …

) informal institutions. Overall, the proposed institutional changes move in a liberalizing direction; however, one …

markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe's innovation capacity at a …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs differ markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …

markets, and (vi) human capital for entrepreneurship. The reforms would likely strengthen Europe's innovation capacity at a …

is enormous: billionaires. We explore the relationship between economic development, institutions, and these contrasting … kinds of entrepreneurs. We find that the institutions consistent with self-employed entrepreneurs di¤er markedly from the … ones consistent with billionaires. Further, only the latter are consistent with the institutions that underlie economic …