Entrepreneurial Decisions and Liquidity Constraints

Using a matched sample of federal estate and personal income tax returns, we examine how the receipt of an inheritance affects an individual's decision to become an entrepreneur and the amount of capital employed in the new enterprise. These findings are consistent with the presence of liquidity constraints.

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Year of publication:	1994
Authors:	Holtz-Eakin, Douglas ; Joulfaian, David ; Rosen, Harvey S.
Published in:	RAND Journal of Economics. - The RAND Corporation, ISSN 0741-6261. - Vol. 25.1994, 2, p. 334-347
Publisher:	The RAND Corporation

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005353918