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...
|Place of publication:||
Bonn Institute for the Study of Labor (IZA) 2007
|published in:||IZA Discussion Papers Vol. 2874|
|Data of publication:||2007|
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