Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/20224
Authors: 
Wagner, Joachim
Year of Publication: 
2004
Series/Report no.: 
IZA Discussion paper series 989
Abstract: 
Using a large recent representative sample of the German population this paper contributes to the entrepreneurship literature by empirically testing the hypothesis that young and small firms are hothouses for nascent entrepreneurs. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. Controlling for various individual characteristics and attitudes (sex, age, risk aversion, presence of a role model in the family, and the width of professional background) we illustrate both the statistical significance and the economic importance for entrepreneurship of work experience in a firm that is both young and small.
Subjects: 
entrepreneurship
young and small firms
rare events logit
Germany
JEL: 
R12
J23
Document Type: 
Working Paper

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