%0 Report
        %A Dulleck, Uwe
%A Frijters, Paul
%A Winter-Ebmer, Rudolf
        %T Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market
        %D 2003
        %8 2003 Nov
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 923
        %U https://www.iza.org/index.php/publications/dp923
        %X 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.
        %K bureaucratic hurdles
%K venture capital
%K start-up costs
%K education
%K matching