We study the effects of ability and liquidity constraints on entrepreneurship. We develop a three sector Roy model that … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … positively selected on collateral, but other self-employed are not; and entrepreneurship is procyclical, but self-employment is …

Entrepreneurship requires energy and creativity as well as business acumen. Some factors that contribute to … entrepreneurship may decline with age, but business skills increase with experience in high level positions. Having too many older … workers in society slows entrepreneurship. Older workers do not possess the advantages of youth, but more significant is that …

Entrepreneurship Monitor's Adult Population Survey of 63 countries over 2002-2010 and find robust support for these hypotheses …

, where education increases the level of entrepreneurship. Human capital spillovers occur at the city level because skilled … productivity or entrepreneurship, not with growth in quality of life, at least outside of the West. We also find that skills seem …

We investigate entry in a dynastic entrepreneurship (overlapping generations) environment created by employee spinoffs …