From unemployed to entrepreneur: The role of the absolute bequest motive

Using the British Household Panel Survey, this paper finds that inheritance has a concave effect on the hours worked by male entrepreneurs. Receiving an inheritance increases the labor supply of unemployed male entrepreneurs; however this effect becomes smaller for higher inheritances.

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Year of publication:	2012
Authors:	Faria, João Ricardo ; Wu, Zhongmin
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 114.2012, 1, p. 120-123
Publisher:	Elsevier
Subject:	Entrepreneurship \| Inheritance \| Education

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Type of publication:	Article
Classification:	J22 - Time Allocation and Labor Supply ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010597182