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Author: Johan Hombert
Publisher:
ISBN:
Category : Entrepreneurship
Languages : en
Pages : 69
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Book Description
We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to start-ups before the reform. They are also as likely to survive or to hire. In aggregate, the effect of the reform on employment is largely offset by large crowd-out effects. However, because new firms are more productive, the reform has the impact of raising aggregate productivity. These results suggest that the dispersion of entrepreneurial abilities is small in the data, so that the facilitation of entry leads to sizable Schumpeterian dynamics at the firm-level.
Author: United States. Congress. House. Committee on Small Business. Subcommittee on Regulation, Business Opportunities, and Energy
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
Author: Johan Hombert
Publisher:
ISBN:
Category : Entrepreneurship
Languages : en
Pages : 69
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Book Description
We study a large-scale French reform that provided generous downside insurance for unemployed individuals starting a business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started in response to the reform are, on average, smaller, but have similar growth expectations and education levels compared to start-ups before the reform. They are also as likely to survive or to hire. In aggregate, the effect of the reform on employment is largely offset by large crowd-out effects. However, because new firms are more productive, the reform has the impact of raising aggregate productivity. These results suggest that the dispersion of entrepreneurial abilities is small in the data, so that the facilitation of entry leads to sizable Schumpeterian dynamics at the firm-level.
Author: Julie Catherine Gerzina
Publisher:
ISBN:
Category : Political planning
Languages : en
Pages : 90
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Book Description
This paper analyzes the relationship between the generosity of unemployment insurance (UI) benefits, which includes the portion of previous wages covered by unemployment insurance (Replacement Rate) as well as the duration of those benefits, available to an individual and the individual’s likelihood of being self-employed. Current literature on the topic of self-employment supports the idea that self-employment, which is, on average, less-secure and lower-paying than wage and salary work, is less desirable than wage and salary work to most Americans. Using a logistic (logit) regression and individual-level data from the U.S. Census Bureau’s Current Population Survey March 2019 Annual Social and Economic Supplements (ASEC), this paper tests the hypothesis that generosity of unemployment insurance is inversely correlated with likelihood of self-employment. This hypothesis is guided by the intuition that if unemployment benefits are sufficiently generous, displaced workers will take advantage of the safety net and spend more time searching for wage and salary work. On the other hand, if unemployment benefits are not sufficient to allow displaced workers time to find desirable employment, many will go to work for themselves out of necessity. For the wider economy, self-employment means increased entrepreneurial activity and could lead to job growth, as new small businesses grow and eventually hire more employees. Policymakers may therefore wish to enact policies that encourage self-employment. The findings of this study show evidence for an inverse relationship between Replacement Rate and self-employment for individuals in states with Replacement Rates in the lower half of the range, but evidence for a direct relationship for those in states with Replacement Rates in the higher half of the range. This could be interpreted to mean that some individuals receiving very low benefits are pushed into self-employment because they are unable to survive on UI long enough to find more desirable wage or salary work, but those receiving generous benefits and who would prefer self-employment are able to take advantage of the safety net provided by UI to invest time and resources into starting their own businesses.
Author: Philipp Koellinger
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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Book Description
Analyzing a cross-country panel of 16 OECD countries from 2002 to 2005, we find that higher unemployment benefits crowd out nascent entrepreneurial activity. Our results hold regardless of entrepreneurial motivation (necessity or opportunity) and entrepreneurial type (imitative or innovative).
Author:
Publisher:
ISBN:
Category :
Languages : fr
Pages :
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264940081
Category :
Languages : en
Pages : 323
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Book Description
The Missing Entrepreneurs 2019 is the fifth edition in a series of biennial reports that examine how public policies at national, regional and local levels can support job creation, economic growth and social inclusion by overcoming obstacles to business start-ups and self-employment by people from disadvantaged or under-represented groups in entrepreneurship.
Author: John Haltiwanger
Publisher: University of Chicago Press
ISBN: 022645410X
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
Start-ups and other entrepreneurial ventures make a significant contribution to the US economy, particularly in the tech sector, where they comprise some of the largest and most influential companies. Yet for every high-profile, high-growth company like Apple, Facebook, Microsoft, and Google, many more fail. This enormous heterogeneity poses conceptual and measurement challenges for economists concerned with understanding their precise impact on economic growth. Measuring Entrepreneurial Businesses brings together economists and data analysts to discuss the most recent research covering three broad themes. The first chapters isolate high- and low-performing entrepreneurial ventures and analyze their roles in creating jobs and driving innovation and productivity. The next chapters turn the focus on specific challenges entrepreneurs face and how they have varied over time, including over business cycles. The final chapters explore core measurement issues, with a focus on new data projects under development that may improve our understanding of this dynamic part of the economy.
Author: Marco Da Rin
Publisher: Oxford University Press
ISBN: 0190941553
Category : Business & Economics
Languages : en
Pages : 600
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Book Description
Fundamentals of Entrepreneurial Finance provides a comprehensive introduction to entrepreneurial finance, showing how entrepreneurs and investors jointly turn ideas into valuable high-growth start-ups. Marco Da Rin and Thomas Hellmann examine the challenges entrepreneurs face in obtaining funding and the challenges investors face in attracting promising ventures. They follow the joint journey of entrepreneurs and investors from initial match to the eventual success or failure of the venture. Written with the goal of making entrepreneurial finance accessible, this book starts with the basics, develops advanced topics, and derives practical insights. Da Rin and Hellmann build on academic foundations from several disciplines and enrich the text with data, mini-cases, examples, and exercises.
Author: John Haltiwanger
Publisher: University of Chicago Press
ISBN: 022645407X
Category : Business & Economics
Languages : en
Pages : 488
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Book Description
Measuring Entrepreneurial Businesses: Current Knowledge and Challenges brings together and unprecedented group of economists, data providers, and data analysts to discuss research on the state of entrepreneurship and to address the challenges in understanding this dynamic part of the economy. Each chapter addresses the challenges of measuring entrepreneurship and how entrepreneurial firms contribute to economies and standards of living. The book also investigates heterogeneity in entrepreneurs, challenges experienced by entrepreneurs over time, and how much less we know than we think about entrepreneurship given data limitations. This volume will be a groundbreaking first serious look into entrepreneurship in the NBER's Income and Wealth series.
Author: Sonia Feliz
Publisher: International Monetary Fund
ISBN: 1513523244
Category : Business & Economics
Languages : en
Pages : 57
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Book Description
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
