We estimate the impact of schooling and capital constraints at the time of startup on the performance of Dutch entrepreneurial ventures, taking into account the potential endogeneity and interdependence of these variables. Instrumental variable estimates indicate that a 1 percentage point...

Young firms find it difficult to attract (skilled) workers. Using linked employer-employee data for Germany we investigate how local labor market conditions affect the hiring success of young firms. In a first step, we estimate the probability of the founder becoming an employer. In a second...