Bellon, Aymeric; Cookson, Tony; Gilje, Erik; Heimer, Rawley - 2022
We examine how wealth windfalls affect self-employment decisions using data on cash payments from claims on Texas shale … drilling to people throughout the United States. Individuals who receive large wealth shocks (greater than $50,000) have 51 …-employment spells, and not by individuals who leave regular employment for self-employment. Moreover, the effect of wealth reverts for …