STOPPING START‐UPS: HOW THE BUSINESS CYCLE AFFECTS ENTREPRENEURSHIP

This study analyzes whether economic conditions at the time of labor market entry affect entrepreneurship, using difference in business start-ups between cohorts of college students graduating in boom or bust economic conditions. Those graduating during an economic bust tend to delay their business start-ups relative to boom period graduates by about two years. Those results are consistent with additional findings that higher unemployment rates at time of graduation significantly delay the first business start-up across all college graduation cohorts over the 1982-2004 period. The adverse effect of a bust is temporary, delaying but not preventing self-employment over the life-cycle.[...]

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Year of publication:	2009-07-03
Authors:	Li, Yu ; Orazem, Peter F. ; Jolly, Robert William
Institutions:	Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics
Subject:	Arbeitsmarkt \| Labour Market \| Entrepreneurship \| Arbeitslosigkeit \| unemployment \| Konjunkturzyklus \| Bedingung \| Constraints

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Extent:	342016 bytes 27 p. application/pdf
Series:	IOWA State University - Department of Economics - Working Papers Working Paper No. 09014
Type of publication:	Book / Working Paper
Language:	English
Classification:	J20 - Time Allocation; Work Behavior; Employment Determination and Creation. General ; Corporate growth, plant size and choice of location ; Ergonomic job analysis ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)