We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

A large and still growing body of literature suggests that entrepreneurship is of exceptional importance in explaining …