Hobijn, Bart (contributor); Şahin, Ayşegül (contributor) - 2007
�ect the option value of becoming an entrepreneur.
3
goes a long way in accounting for �rm-size di�erentials between the U …�erent between staying at the
�rm or leaving the �rm. If the worker stays at the �rm she receives the wage w(z0;n0) and the … labor force in our model are ex-ante identical. People
who do not work develop one business idea in every period. Depending …