Entrepreneurial Decisions and Liquidity Constraints

Douglas Holtz-Eakin, David Joulfaian () and Harvey Rosen ()

RAND Journal of Economics, 1994, vol. 25, issue 2, 334-347

Abstract: Using a matched sample of federal estate and personal income tax returns, we examine how the receipt of an inheritance affects an individual's decision to become an entrepreneur and the amount of capital employed in the new enterprise. These findings are consistent with the presence of liquidity constraints.

Date: 1994
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Related works:
Working Paper: Entrepreneurial Decisions and Liquidity Constraints (1993)
Working Paper: Entrepreneurial Decisions and Liquidity Constraints (1992)
Working Paper: Entrepreneurial Decisions and Liquidity Constraints (1992)
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