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From unemployed to entrepreneur: The role of the absolute bequest motive

  • Faria, João Ricardo
  • Wu, Zhongmin

Using the British Household Panel Survey, this paper finds that inheritance has a concave effect on the hours worked by male entrepreneurs. Receiving an inheritance increases the labor supply of unemployed male entrepreneurs; however this effect becomes smaller for higher inheritances.

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File URL: http://www.sciencedirect.com/science/article/pii/S016517651100348X
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Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 114 (2012)
Issue (Month): 1 ()
Pages: 120-123

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Handle: RePEc:eee:ecolet:v:114:y:2012:i:1:p:120-123
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolet

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  1. Holtz-Eakin, Douglas & Joulfaian, David & Rosen, Harvey S, 1993. "The Carnegie Conjecture: Some Empirical Evidence," The Quarterly Journal of Economics, MIT Press, vol. 108(2), pages 413-35, May.
  2. Araujo, Jorge Thompson & Martins, Marco A. C., 1999. "Economic growth with finite lifetimes," Economics Letters, Elsevier, vol. 62(3), pages 377-381, March.
  3. Joulfaian, D. & Wilheim, M.O., 1992. "Inheritance and Labor Supply," Papers 6-92-2, Pennsylvania State - Department of Economics.
  4. Douglas Holtz-Eakin & David Joulfaian & Harvey Rosen, 1992. "Entrepreneurial Decisions and Liquidity Constraints," Working Papers 679, Princeton University, Department of Economics, Industrial Relations Section..
  5. Cipriani, Giam Pietro, 2000. "Growth with unintended bequests," Economics Letters, Elsevier, vol. 68(1), pages 51-53, July.
  6. Larry E. Jones & Rodolfo E. Manuelli, 1990. "Finite Lifetimes and Growth," NBER Working Papers 3469, National Bureau of Economic Research, Inc.
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