This paper investigates the impact of risk attitudes on the decision to become an entrepreneur. In contrast to previous … variation in risk aversion the early exposure to a massive earthquake. Using several waves of the Bank of Italy Survey of … Household Income and Wealth (SHIW), we find that individuals experiencing an earthquake become significantly more risk averse …

. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …

. Enterprise formation is subject to future market risk and is shaped by labor market institutions in the post-entry stage. The …

those investors may be willing to pay. A model is developed based on the principal-agent framework, which focuses on a risk … entrepreneur's abilities. The model shows that when the ability of entrepreneurs is common knowledge, they choose to involve risk …

entrepreneurial risk. Although it allows for rich general-equilibrium effects and a stationary distribution of wealth, the model is … following any change in tax policies. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk …