TY  - RPRT
        AU  - Dulleck, Uwe
AU  - Frijters, Paul
AU  - Winter-Ebmer, Rudolf
        TI  - Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market
        PY  - 2003/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 923
        UR  - https://www.iza.org/index.php/publications/dp923
        AB  - 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.
        KW  - bureaucratic hurdles
KW  - venture capital
KW  - start-up costs
KW  - education
KW  - matching
        ER  -