Compares the performance of startups with that ofestablished firms in order to investigate whether overoptimism plays a criticalrole in the entrepreneur’s decision to found a firm. Three aspects ofperformance are considered: the likelihood of achieving commercial sales, thelikelihood of...

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments of trends in labor's share typically have relied on industry or macro data, obscuring heterogeneity among firms. In...