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Selection into Entrepreneurship and Self-Employment / Ross Levine, Yona Rubinstein.
- Format:
- Book
- Author/Creator:
- Levine, Ross.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w25350.
- NBER working paper series no. w25350
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2018.
- Summary:
- We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that differentiates between entrepreneurs and other self-employed to address puzzling gaps that have emerged between theory and evidence on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on highly-remunerated human capital, but other self-employed are negatively selected on those same abilities; entrepreneurs are positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is countercyclical.
- Notes:
- Print version record
- December 2018.
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