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 …

regression, using survey data gathered from 1600 entrepreneurs. In light of the results, Lazear's theory cannot be unambiguously … extended to the case of hybrid entrepreneurs. Although the probability of being a hybrid entrepreneur increases with broader … results suggest that hybrid entrepreneurs are an importantly discrete population and therefore need to be treated separately …

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 …