The theory proposed below is that entrepreneurs are jacks-of-all-trades who may not excel in any one skill, but are … individuals with balanced skills are more likely than others to become entrepreneurs. The model provides implications for the … proportion of entrepreneurs by occupation, by income and yields a number of predictions for the distribution of income by …

entrepreneurship. Third, inefficiencies in the transmission of tacit knowledge between generations of entrepreneurs can arise: with …

entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship …

Why do some people become entrepreneurs (and others don't)? Why are firms so heterogeneous, and many firms so small? To … education is U-shaped, that many entrepreneurs start a firm out of necessity, that most firms are small, remain so, yet persist … where agents are heterogeneous in their ability as workers, and starting entrepreneurs face uncertainty about their project …

determine the length of time that it takes aspiring entrepreneurs to switch into self-employment. The existence of switching … for aspiring entrepreneurs. …