This paper uses the theoretical argument presented by Stevens (2003) that suggests that the measured returns to tenure will unambiguously be biased downwards. We illustrate this effect for data from a UK internal labour market using the counterfactual methodology outlined by DiNardo, Fortin and...

By considering entrepreneurs who hire employees – employers – and entrepreneurs without personnel – own-account workers – as related but distinct groups within entrepreneurship, this work analyzes the roles of different factors in entrepreneurship survival from a new perspective:...