Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/110715
Authors: 
Sauer, Robert M.
Wilson, Tanya
Year of Publication: 
2015
Series/Report no.: 
IZA Discussion Papers 8981
Abstract: 
Small business activity and female entrepreneurship have become increasingly important features of the UK economy since the start of the Great Recession. In this paper, we re-examine the impact of liquidity constraints on new business formation in an instrumental variables framework, using a previously unexplored data set from the UK. The new results indicate that it is primarily single women that drive the well-established empirical relationship between personal wealth and business start-ups. Therefore, public policies specifically targeted at relieving the liquidity constraints of women could help further accelerate the rise of female entrepreneurship.
Subjects: 
entrepreneurship
liquidity constraints
JEL: 
J23
L26
M13
Document Type: 
Working Paper

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