Since the early-1990s the UK experienced an unprecedented increase in university graduates. The proportion of people …

the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time …, heterogeneous firm model à la Lucas (1978): technological change does not benefit all potential entrepreneurs equally, and there is …. Because wages rise for all workers, low-productivity entrepreneurs will then at some point exit and become workers. As a …

change does not benefit all potential entrepreneurs equally, and there is a positive relationship between an individual … entrepreneurs exit and become workers. Quantitatively, the model fits both the U.S. time series experience and cross …

offer support. More than 20% of university graduates in the European Union study "business, administration or law", with … some of them being future top-level managers and entrepreneurs. This paper aims to provide an understanding of the factors …