A large body research shows a positive relationship between wealth andentrepreneurship and interprets the relationship as providing evidence of liquidity constraints.Recently, however, the liquidity constraint interpretation has been challenged because of thefinding that the relationship between...

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship as providing evidence of liquidity constraints. Recently, however, the liquidity constraint interpretation has been challenged because of the finding that the relationship...

This analysis uses several identification strategies and data sources to control for individual ability and determine the causal effect of marital status and computer usage on wages. Although data from the CPS, NLSY and a data set of identical twins show that there are large cross-sectional...

Hurst and Lusardi (2004) recently challenged the long-standing belief that liquidity constraints are important causal determinants of entry into self-employment. They demonstrate that the oft-cited positive relationship between entry rates and assets is actually unchanging as assets increase...

We use Canadian data from 1970 to 1994 to examine the substitution that can occur between social insurance programs that support disabled persons. We obtain our estimates using an instrumental variable estimator. We find that workers' compensation program policy variables have significant...