English, Article, Journal or magazine article edition: What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints David Blanchflower; Andrew J. Oswald

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Bookmark: http://trove.nla.gov.au/version/140995
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints
Author
  • David Blanchflower
  • Andrew J. Oswald
Physical Description
  • preprint
Notes
  • The paper studies the factors which shape entrepreneurship among young adults. It finds, using data on a British birth cohort, that the probability of self-employment depends sensitively upon whether the individual ever received a gift or inheritance. Those who were given or inherited £5,000, for example, were approximately twice as likely, ceteris paribus, to set up in business. This is consistent with, and a new test of, recent results from the US stressing the importance of capital and liquidity constraints. The paper also evaluates a number of hypotheses suggested in the literature on small businesses.
  • RePEc:nbr:nberwo:3252
Language
  • English
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