@TechReport{iza:izadps:dp923,
            	author={Dulleck, Uwe and Frijters, Paul and Winter-Ebmer, Rudolf},
            	title={Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market},
            	year={2003},
	month={Nov},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={923},
            	url={https://www.iza.org/index.php/publications/dp923},
	abstract={Starting a firm with expansive potential is an option for educated and high-skilled workers.
This option serves as an insurance against unemployment caused by labor market frictions
and hence increases the incentives for education. We show within a matching model that
reducing the start-up costs for new firms results in higher take-up rates of education. It also
leads, through a thick-market externality, to higher rates of job creation for high-skilled labor
as well as average match productivity. We provide empirical evidence to support our
argument.},
	keywords={bureaucratic hurdles;venture capital;start-up costs;education;matching},
            }