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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Main Author: |
Fonseca, Raquel
Sopraseuth, Thepthida Michaud, Pierre-Carl |
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Format: | Paper |
Language: | English |
Place of publication: |
01.06.2007 |
Related: |
Institute for the Study of Labor (IZA) |
Data of publication: | 2007/06 |
Series: |
IZA Discussion Papers |
Subjects: | |
Online Access: | available in Bonn? |
Database: | RePEc RePEc IDEAS Database information Databases - DBIS |