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Entrepreneurship Over The Business Cycle

Author

Listed:
  • Yu, Li
  • Orazem, Peter
  • Jolly, Robert W.

Abstract

The fraction self-employed rises in recessions because wage work is more sensitivethan self-employment to the business cycle, not because of necessityentrepreneurship. Graduating during a recession reduces the probability of starting a business forthe next 11 years.

Suggested Citation

  • Yu, Li & Orazem, Peter & Jolly, Robert W., 2013. "Entrepreneurship Over The Business Cycle," Staff General Research Papers Archive 36672, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:36672
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    File URL: http://www2.econ.iastate.edu/papers/p16672-2013-10-28.pdf
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    2. Sotirakopoulos, Panagiotis & Mount, Matthew P. & Guven, Cahit & Ulker, Aydogan & Graham, Carol, 2023. "A tale of two life stages: The imprinting effect of macroeconomic contractions on later life entrepreneurship," Journal of Business Venturing, Elsevier, vol. 38(4).
    3. Halil D. Kaya, 2024. "The Relationship Between The State Of The Economy And Entrepreneurial Activity," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 78-85, August.
    4. Cockx, Bart & Ghirelli, Corinna, 2016. "Scars of recessions in a rigid labor market," Labour Economics, Elsevier, vol. 41(C), pages 162-176.
    5. Beiler, Hendrik, 2017. "Do you dare? The effect of economic conditions on entrepreneurship among college graduates," Labour Economics, Elsevier, vol. 47(C), pages 64-74.
    6. Amelie F. Constant & Klaus F. Zimmermann, 2014. "Self-employment against employment or unemployment: Markov transitions across the business cycle," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 4(1), pages 51-87, June.
    7. Ghimire, Keshar Mani & Maclean, Johanna Catherine, 2015. "Economic conditions at school-leaving and self-employment," Economics Letters, Elsevier, vol. 137(C), pages 154-156.
    8. Halicioglu, Ferda & Yolac, Sema, 2015. "Testing the impact of unemployment on self-employment: empirical evidence from OECD countries," MPRA Paper 65026, University Library of Munich, Germany.
    9. Lo, Kuang-Ta & Pan, Jiun-Nan & Peng, Shi-Shu, 2020. "The role of gender and its potential channels to affect self-employment in Taiwan," Economic Modelling, Elsevier, vol. 89(C), pages 601-610.
    10. Halil D. Kaya, 2021. "The 2008-2009 Global Crisis And Entrepreneurial Activity," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 12-21, August.
    11. Willis, David Brian & Hughes, David W. & Boys, Kathryn A., "undated". "An Unconditional Quantile Analysis of the Determinants of Self-Employed Income across Regional Economies: An Initial Assessment," 2018 Annual Meeting, August 5-7, Washington, D.C. 274498, Agricultural and Applied Economics Association.
    12. Ivan Arnautovic & Veljko Samardzic & Goran Vitomir & Tatjana Davidov & Sanda Nastic & Slobodan Popovic, 2021. "Monitoring Of Monetary-Credit Policy As Part Of The Decision-Making Of The Top Management Of The Companies Established By Local Self-Government Units On The Example Of The Republic Of Serbia," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 22-28, August.
    13. Marija Krūmiņa & Anders Paalzow, 2017. "The Business Cycle and Early-Stage Entrepreneurship in Latvia," Societies and Political Orders in Transition, in: Arnis Sauka & Alexander Chepurenko (ed.), Entrepreneurship in Transition Economies, pages 135-152, Springer.

    More about this item

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    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor

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