Koellinger, Philipp; Minniti, Minniti, M. - Erasmus Research Institute of Management (ERIM), … - 2008
Analyzing a cross-country panel of 16 OECD countries from 2002 to 2005, we find that higher unemployment benefits crowd out nascent entrepreneurial activity. Our results hold regardless of entrepreneurial motivation (necessity or opportunity) and entrepreneurial type (imitative or innovative).
