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Prior to contact with Europeans, Ungava Inuit who inhabited the Quebec-Labrador Peninsula was self-sufficient, with a subsistence economy and inter-cultural trade. They lived in small bands, each consisting of a few families, and they fished, gathered, hunted, and migrated as required....
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to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean …This paper studies the impact of optimism on occupational choice using a general equilibrium framework. The model shows … that optimism has four main qualitative effects: it leads to a misallocation of talent, drives up input prices, raises the …
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dataset (180,814 responses) that allows us to create a good measure of entrepreneurial optimism. Our measure is based on the … optimism because they are completely uncorrelated with the individual's own life or work situation (which is not optimism) and … conditions. Our data highlight the importance of measuring optimism correctly. About half of the survey respondents differ in …
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to entrepreneurship, and output. The calibration shows that optimism can explain the empirical puzzle of the low mean …This paper studies the impact of optimism on occupational choice using a general equilibrium framework. The model shows … that optimism has four main qualitative effects: it leads to a misallocation of talent, drives up input prices, raises the …
Persistent link: https://www.econbiz.de/10011932050
dataset (180,814 responses) that allows us to create a good measure of entrepreneurial optimism. Our measure is based on the … individual's beliefs about nationwide future economic conditions. These beliefs form a good measure of optimism because they …'s own life or work situation (which is not optimism). Our data highlight the importance of measuring optimism correctly …
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