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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Volume: | 2874 |
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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 |
Subjects: | |
Online Access: |
Fulltext |
Database: | EconStor Database information Databases - DBIS |