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What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints / David Blanchflower, Andrew J. Oswald.
- Format:
- Book
- Author/Creator:
- Blanchflower, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3252.
- NBER working paper series no. w3252
- Language:
- English
- Subjects (All):
- Entrepreneurship.
- Human services.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1990.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1990.
- Summary:
- The paper studies the factors which shape entrepreneurship among young adults. It finds, using data on a British birth cohort, that the probability of self-employment depends sensitively upon whether the individual ever received a gift or inheritance. Those who were given or inherited £5,000, for example, were approximately twice as likely, ceteris paribus, to set up in business. This is consistent with, and a new test of, recent results from the US stressing the importance of capital and liquidity constraints. The paper also evaluates a number of hypotheses suggested in the literature on small businesses.
- Notes:
- Print version record
- February 1990.
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