A consistent finding in the development literature is that average non-farm labor productivity is higher than average …

A stylized fact of economic development is the structural transformation of countries from traditional, mainly … entrepreneurs and make a distinction between survivalist self-employment activities in the traditional sector, and opportunity …-driven entrepreneurship in the modern sector. The model shows how opportunity-driven entrepreneurship can drive structural transformation …

likely to become entrepreneurs. By not having taken this possible linkage into account, previous research has underestimated … the impacts both of risk aversion and balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutch …-averse people might be suited to entrepreneurship; and it may also help explain why prior research has generated mixed evidence …

contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

contains elements of the asymmetric information approach and behavioral finance (overconfident entrepreneurs). The model …

technologies in US agriculture by comparing general wage trends across several labor-intensive and non-labor-intensive industries …

We examine returns to entrepreneurship using a standard measure of welfare, the percapita consumption expenditure. The …, across the welfare distribution, entrepreneurs who employ others have the highest returns in terms of consumption, while … those entrepreneurs who work for themselves, that is, selfemployed individuals, have slightly lower returns than the …

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and …

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …