Tag Archives: Entrepreneurship

Housing Collateral and Entrepreneurship

From Martin Schmalz, David Sraer, and David Thesmar: This paper shows that collateral constraints restrict entrepreneurial activity. Our empirical strategy uses variations in local house prices as shocks to the value of col- lateral available to individuals owning a house and … Continue reading

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Does Entrepreneurship Pay? The Michael Bloombergs, the Hot Dog Vendors, and the Returns to Self-Employment

From an interesting paper by Ross Levine and Yona Rubinstein: We find that the incorporated self-employed earn much more per hour and work many more hours than salaried and unincorporated workers.  After conditioning on standard Mincerian characteristics, the incorporated self-employed have … Continue reading

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