We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....

The aim of this paper is to investigate whether return migrants are more likely to become entrepreneurs than non-migrants. We develop a theoretical search model that puts forward the trade off faced by returnees since overseas migration provides an opportunity for human and physical capital...

This paper studies the impacts of social insurance on the decision of an unemployed individual to start a business. I find that higher unemployment insurance (UI) benefits both lower the probability that an unemployed person will become self-employed and extend the duration before they make such...