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
Main Author: Fonseca, Raquel
Sopraseuth, Thepthida
Michaud, Pierre-Carl
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
Online Access: available in Bonn?
Database: RePEc IDEAS
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