This paper investigates whether entrepreneurship constitutes a route out of deprivation for those living in deprived areas. Our measure of income/wealth is based on analysis of improvements in an individual's residential address. Our data consist of information on over 800,000 individuals, and...

Governments in virtually all developed countries subsidise “guided preparation” for entrepreneurial activity. Despite being so widespread, the evidence that this assistance enhances venture performance remains in dispute, primarily because of a lack of consensus over statistical approaches....