mostly explained by the higher unemployment rate during a recession, together with the fact that at all times, unemployed … entry strongly applies to unincorporated entrepreneurship, but only weakly to incorporated entrepreneurship. This highlights … the association of unincorporated and incorporated entrepreneurship with necessity and opportunity entrepreneurship …

entrepreneurship as they age. I then construct life cycle model of entrepreneurial choice that accounts for this hump shape, and study … risk attitudes and the predicted effects that such measures will have on the rate of new business startups …

This survey reviews the theoretical literature on high impact entrepreneurship. The survey is guided in part by the … recent classification changes at the Journal of Economic Literature (JEL) regarding entrepreneurship. The board voted to … create a new classification code, L26, for entrepreneurship. The JEL intends to use this code for all articles and books that …

Using state-level data on productive and unproductive entrepreneurship, shadow economy size, and public official … (higher) levels of informal economic activity. Additionally, I aim to connect entrepreneurship, shadow economy size, and …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …