This note investigates the impact of changes in the number of business owners on three measures of economic performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag structure. The analysis is performed at the country level for 21...

Dieser Beitrag skizziert eine "conceptual history" der modernen Gesellschaft. Er unterscheidet eine malthusianische Stagnationsphase und eine postmalthusianische Wachstumsphase der Weltwirtschaftsgeschichte und entwickelt anhand eines Modells zur Interdependenz wirtschaftlicher und politischer...

This paper examines the effect of wealth concentration on firms' market power when firm entry is driven by entrepreneurs facing uninsurable idiosyncratic risks. Under greater wealth concentration, households in the lower end of the wealth distribution are more risk averse and less willing (or...