Hou, Ai Jun; Jonsson, Sara; Li, Xiaoyang; Ouyang, Qinglin - 2022
Using the relaxation of last-in-first-out (LIFO) seniority rule in Sweden as an exogenous shock to unemployment risks …, we show that employees facing increased unemployment risks are more likely to become entrepreneurs. The effect is more … performance of their ventures, we find the entrepreneurs who were exposed to more unemployment risks are better-off financially in …