This article follows the progress of a large and nationally representative sample of American nascent entrepreneurs identified in the initial interview of the Panel Study of Entrepreneurial Dynamics (PSED) over the next 12 months of the panel. We develop a novel theoretical framework based on...

This article proposes a simultaneous probit equation framework to analyse the business ownership patterns of married couples in the United States. A structural model of knowledge spillovers within couples is formulated and estimated. Empirical analysis reveals significant and substantial...