entrepreneurial and labor risk is found to be statistically significant and detrimental to entrepreneurship. The crowding-out effect … risks shape the equilibrium entrepreneurship in an occupational choice model. Differential social insurance of … of public production of private goods on entrepreneurship dominates the crowding-in effect of public production of public …

We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …