This paper studies wealth taxation in a heterogeneous agent economy with entrepreneurship. Entrepreneurs face borrowing … dataset on household wealth, I show that this possibility for entrepreneurs to sell their firm is crucial to simultaneously … account for both the stylized facts of the wealth distribution and year-to-year changes in wealth. In a subsequent policy …

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship … job loss and those who do not reveals generally increasing entry rates through the wealth distribution for both groups … entrepreneurship and a different measure of wealth – net housing equity – for the two groups. Second, we examine the liquidity …

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 …

drastically after this point. They also apply a new instrument, changes in house prices, for wealth in the entry equation, and … show that instrumented wealth is not a significant determinant of entry. We reinterpret these findings: first, we …

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 …