Entrepreneurship over the business cycle |
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| Authors: | Li Yu Peter F. Orazem Robert W. Jolly |
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| Affiliation: | 1. Central University of Finance and Economics, China;2. Iowa State University, United States |
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| Abstract: | The fraction of self-employed rises in recessions because wage work is more sensitive than self-employment to the business cycle, not because of necessity entrepreneurship. Graduating during a recession reduces the probability of starting a business for the next 11 years. |
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| Keywords: | J2 |
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