April 2010

IZA DP No. 4893: "Entrepreneurs out of Necessity": A Snapshot

published in: Applied Economics Letters, 2013, 20 (7), 658-663

"Entrepreneurs out of necessity" identified by the Global Entrepreneurship Monitor survey are a sizeable group across countries. They tend to have low education, run smaller firms, expect their firms to grow less, but are likely to stay in the market. This evidence is a challenge for existing theories of heterogeneous firms.