We develop an equilibrium model where risk-averse agents can choose between employment and entrepreneurship. An …. However, we show that income risk is not the only driver for the occupational choice of agents with entrepreneurship options … - as commonly argued. Instead, more risk-averse agents with those options have a lower valuation of entrepreneurship, and …

self-employment (entrepreneurship) and salary employment. Lazear's theory of entrepreneurship is assessed in terms whether …The aim of this study is to explore and elaborate the concept of hybrid entrepreneurship, i.e., a simultaneous mix of … regression, using survey data gathered from 1600 entrepreneurs. In light of the results, Lazear's theory cannot be unambiguously …