and entrepreneurs with high individual productivity tend to remain in their present occupation, whereas low productivity …

newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in … 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 …

show this, I construct a dynamic general equilibrium model of occupational choice which distinguishes between entrepreneurs …, who run their own firms, and managers, who run publicly owned firms. Collateral constraints induce entrepreneurs to hold …

determinants at the forefront in spinoff formation. Based on insights from the occupational choice theory, we argue that spinoff …

the importance of skills for the entrepreneurs who employ those workers, and in particular on their evolution over time …. This paper proposes a simple theory of skill-biased change in entrepreneurial technology that fits with cross …, heterogeneous firm model à la Lucas (1978): technological change does not benefit all potential entrepreneurs equally, and there is …