Forced Entrepreneurs

Conventional wisdom suggests that labor market distress drives workers into temporary self-employment, lowering entrepreneurial quality. Analyzing employment histories for 640,000 U.S. workers, we document that graduating college during a period of high unemployment does increase entry to entreprene...

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Bibliographic Details
Published in:The Journal of finance (New York) 2022-02, Vol.77 (1), p.49-83
Main Authors: HACAMO, ISAAC, KLEINER, KRISTOPH
Format: Article
Language:English
Subjects:
Employment
Entrepreneurs
Entrepreneurship
Historical text analysis
Income distribution
Labor market
Psychological distress
Temporary employment
Unemployment
Wisdom
Workers
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