entrepreneurship is introduced, where individuals can choose not to work, become entrepreneurs, or work in one of the two sectors … entrepreneurship in the United States …

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

. This paper proposes a simple theory of skill-biased change in entrepreneurial technology that fits with cross … a positive relationship between an individual's potential payoffs in working and in entrepreneurship. If some firms … consequence, the entrepreneurship rate falls with income per capita, average firm size and firm size dispersion increase with …

start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … persist in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …

the likelihood that he/she starts a business.Implications for entrepreneurship research and practice are discussed. …