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This paper explores the willingness of entrepreneurs to pay for wealth insurance to protect personal assets in case of business failure and the impact of this strategy on small business operation decisions. I show that antidiscrimination laws allow married firm owners in half of U.S. states to...
Persistent link: https://www.econbiz.de/10012207854
initiatives both in the UK and at EU level have sought to promote entrepreneurship by reducing the harshness of the consequences … entrepreneurship using data on self employment over 16 years (1990-2005) and 15 countries in Europe and North America. We compile new …
Persistent link: https://www.econbiz.de/10014063578
worsened credit market conditions. In this paper, we construct a quantitative general equilibrium model of entrepreneurship to … market can still obtain secured credit. Therefore, they can run larger firms, which makes entrepreneurship more attractive …
Persistent link: https://www.econbiz.de/10011316589
bankruptcy codes. In theory, individual debtor protection might either affect entrepreneurship or just prevent the incorporation …
Persistent link: https://www.econbiz.de/10012862022
Limited personal liability has long been thought to promote entrepreneurship by providing partial insurance through … entrepreneurship, I study a life cycle model where households choose between running a risky business and working. Households in the … entrepreneurial ability from entering entrepreneurship, while variations in bankruptcy systems have negligible effects on higher …
Persistent link: https://www.econbiz.de/10013136476
Policy makers and researchers are actively debating over the consequences of student debt for individuals’ choices and aggregate quantities in the US. Using micro-level data and focusing on entrepreneurial outcomes, I document that having a student loan is associated with a lower likelihood of...
Persistent link: https://www.econbiz.de/10014348868
entrepreneurship to personal bankruptcy law …
Persistent link: https://www.econbiz.de/10013117667
We examine how consumer credit access impacts self-employment and small business ownership by building a new dataset that links 3 million individual earnings and credit reports to pass-through tax records. We show that self-employment and employer business ownership increase with personal credit...
Persistent link: https://www.econbiz.de/10012104568
This symposium piece is a response to Professor Nathalie Martin's Bringing Relevance Back to Consumer Bankruptcy. This response overviews the place consumer bankruptcy presently occupies in the United States. In doing so, it details why consumer bankruptcy remains relevant in the face of a...
Persistent link: https://www.econbiz.de/10012827179
This essay examines the state of access to justice in the context of consumer bankruptcy from two vantage points: (1) how people decide that their money problems are legal problems addressable by filing bankruptcy; and (2) the barriers people face in using the consumer bankruptcy system. To shed...
Persistent link: https://www.econbiz.de/10012916389