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 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 …

established by non-star analysts. Extending traditional theories of entrepreneurship and labor mobility, our results also suggest … that drivers of turnover vary by destination: (a) turnover to entrepreneurship and (b) other turnover. In contrast to … turnover to entrepreneurship, star analysts are less likely to move to other firms than non-star analysts …

particular, by far the most important determinant of entrepreneurship is having background in a large number of different roles …

We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or …