How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences … show furthermore that entrepreneurs have higher returns to education than employees (in terms of the comparable performance … spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …

The importance of liquidity constraints as one of the main entry barriers to entrepreneurship has been recently put in … question. Hurst and Lusardi (2004) show that the probability of transition to entrepreneurship is inelastic along most of the … entrepreneurship. This paper challenges this view. I estimate a life cycle model of occupational choice that includes human capital …

Italy, with a particular focus on entrepreneurs and self-employed workers. Rough data are drawn from four waves (1995, 1998 …

Italy, with a particular focus on entrepreneurs and self-employed workers. Rough data are drawn from four waves (1995, 1998 …

entrepreneurs' entry mode. The new venture creation mode is associated with higher levels of schooling and wealth, whereas … managerial experience, new venture start-up capital requirements and risk promote the takeover mode. Entrepreneurs whose parents … entrepreneurs from the Netherlands provides broad support for the theory; implications for policy-makers concerned about the …

opportunity entrepreneurs, who voluntarily pursue a business opportunity, and necessity entrepreneurs, who lack alternative … entrepreneurs are 3.5 percentage points higher than the paid employees' rate of 8.1%, but 6.5 percentage points lower for necessity … entrepreneurs. Pooling the two types of entrepreneurs understates the value of education for opportunity entrepreneurs and sparks …

entrepreneurs in one way or another will leave the firm they created. Using theories of goal-setting and human capital we explore … two specific questions: (1) why do some entrepreneurs consider an exit strategy while others do not, and (2) under what … conditions are entrepreneurs most likely to utilize a specific strategy …

. -- strategic entrepreneurship ; multi-level analysis ; intellectual property protection ; growth aspirations …

A review of recent evidence on relative earnings from entrepreneurship versus wage work presents a puzzle: why do … individuals become entrepreneurs when entrepreneurs on average apparently earn less than employees? After considering several … potential explanations, we empirically analyze one: income underreporting by entrepreneurs. Using a nationwide panel survey …