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
Subjects:	Verschuldungsrestriktion Großbritannien USA Unternehmer Kosten Spanien Berufswahl Vermögen Dänemark Deutschland Niederlande Frankreich Unternehmensgründung Schweden Italien
Online Access:	Fulltext
Database:	EconStor Database information Databases - DBIS