Using a large Finnish micro data set, I study how wealth influences the decision to become self-employed. The main result is that personal wealth increases the probability of a person becoming self-employed. This suggests the presence of liquidity constraints.
|Peer-reviewed scientific journal||The Scandinavian Journal of Economics|
|Number of pages||12|
|Publication status||Published - 01.03.2000|
|MoE publication type||A1 Journal article - refereed|
- 511 Economics
- Liquidity constraints