Entrepreneurship, wealth, liquidity constraints and start-up costs

We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship. The model predicts that, with liquidity constrai...

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Bibliographic details
Volume: 2874
Main Author: Fonseca, Raquel
Michaud, Pierre-Carl
Sopraseuth, Thepthida
Format: Paper
Language: English
Place of publication: Bonn Institute for the Study of Labor (IZA) 2007
published in: IZA Discussion Papers Vol. 2874
Data of publication: 2007
Online Access: Fulltext
Database: EconStor
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