Determinants of Willingness and Opportunity to Start as an Entrepreneur
This paper develops an empirical model to separate the unobserved factors of 'opportunity' and 'willingness' in the decision of labor-force participants to become self-employed or not. The estimation results suggest that the majority of young Americans are willing to switch to self-employment but that opportunity is a major constraint, especially through finance. Entrepreneurial ability aspects that can compensate for a lack of capital are scarce. Copyright 1995 by WWZ and Helbing & Lichtenhahn Verlag AG
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Volume (Year): 48 (1995)
Issue (Month): 4 ()
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