Entrepreneurship over the business cycle

Li Yu, Peter Orazem and Robert W. Jolly

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The fraction of self-employed rises in recessions because wage work is more sensitive than self-employment to the business cycle, not because of necessity entrepreneurship. Graduating during a recession reduces the probability of starting a business for the next 11 years.

Date: 2014-02-01
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Journal Article: Entrepreneurship over the business cycle (2014)
Working Paper: ENTREPRENEURSHIP OVER THE BUSINESS CYCLE (2013)
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