Baumol's theory of entrepreneurial allocation has been widely utilized and cited by management and entrepreneurship … main categories, (2) discussed studies within each category, (3) proposed a revised version of entrepreneurial allocation … theory, and (4) outlined the research gaps and future research opportunities. Our review shows that beyond Baumol's focus on …

: 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 …

start, the paper briefly documents evidence from the empirical literature that the relationship between entrepreneurship and … persist in the market, and that returns to entrepreneurship have a much larger cross-sectional variance than returns to wage … entrepreneurship where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their …

Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of … balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual … entrepreneur. -- entrepreneurship ; occupational choice ; skills …

entrepreneurs for returnees but matter for non-migrants. -- Social capital ; entrepreneurship ; selection ; savings …