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Homeownership and entrepreneurship : the role of mortgage debt and commitment

Bracke, Philippe; Hilber, Christian; Silva, Olmo - 2014

We study the link between homeownership, mortgage debt, and entrepreneurship using a model of occupational choice and … homeowners start a business; and (ii) the negative relation between mortgage debt and entrepreneurship is more pronounced when … income volatility is higher. Our model further predicts that the relation between housing wealth and entrepreneurship is …

Persistent link: https://www.econbiz.de/10010425992

Grown-up business cycles

Pugsley, Benjamin; Şahin, Ayşegül - 2014

We document two striking facts about U.S. firm dynamics and interpret their significance for aggregate employment dynamics. The first observation is the steady decline in the firm entry rate over the last thirty years, and the second is the gradual shift of employment from younger to older firms...

Persistent link: https://www.econbiz.de/10010459706

Court-ship, kinship and business : a study on the interaction between the formal and the informal institutions and its effect on entrepreneurship

Chakraborty, Tanika; Mukherjee, Anirban; Saha, Sarani - 2015

In this paper we theoretically and empirically examine how the interaction between the formal court system and the informal loan network affects a household's decision to start a business. We find that when the formal court system is weak, expansion of informal credit network leads to the...

Persistent link: https://www.econbiz.de/10010488828

Do entrepreneurs really earn less?

Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2014

employee, while the median solo entrepreneur earns less. However, solo entrepreneurship pays for those with a university …

Persistent link: https://www.econbiz.de/10010433906

The continued search for the solow residual : the role of national entrepreneurial ecosystem

Acs, Zoltán J.; Estrin, Saul; Mickiewicz, Tomasz; … - 2014

This paper introduces a new concept in addition to the traditional measures of stocks of capital, labor, human capital and knowledge, to understand the Solow Residual: National Entrepreneurial Ecosystem (NEE). The NEE construct is based on a methodology that combines institutions and human...

Persistent link: https://www.econbiz.de/10010438892

Do entrepreneurs really earn less?

Sorgner, Alina; Fritsch, Michael; Kritikos, Alexander - 2014

employee, while the median solo entrepreneur earns less. However, solo entrepreneurship pays for those with a university …

Persistent link: https://www.econbiz.de/10010438895

Entrepreneurship development in Serbia : the chance for a way out of economic crisis

Anicic, Jugoslav; Laketa, Marko; Laketa, Luka; Anicic, Dusan - In: UTMS journal of economics / University of Tourism and … 5 (2014) 2, pp. 189-198

small and medium enterprises (SME) development. The assertion of entrepreneurship as a whole, production in the first place …

Persistent link: https://www.econbiz.de/10010439071

Why did self-employment increase so strongly in Germany?

Fritsch, Michael; Kritikos, Alexander; Sorgner, Alina - 2015 - This version: January 2015

Germany experienced a unique rise in the level of self-employment in the first two decades following unification. Applying the non-linear Blinder-Oaxaca decomposition technique, we find that the main factors driving these changes in the overall level of self-employment are demographic...

Persistent link: https://www.econbiz.de/10010479957

Household inequality, corporate capital structure and entrepreneurial dynamism

Braggion, Fabio; Dwarkasing, Mintra; Ongena, Steven - 2014

equity, and 1880 farmland. We identify its effects on entrepreneurship by instrumenting it with land distribution under the … supportive of entrepreneurship such as schooling and the judiciary. Income per capita consequently grows more slowly …

Persistent link: https://www.econbiz.de/10010412298

Employee compensation in entrepreneurial companies

Bengtsson, Ola; Hand, John R. - 2012 - This draft: July, 2012

Despite the central role played by human capital in entrepreneurship, little is known about how employees in …

Persistent link: https://www.econbiz.de/10009580783