@TechReport{iza:izadps:dp16145,
            	author={Gendron-Carrier, Nicolas},
            	title={Prior Work Experience and Entrepreneurship: The Careers of Young Entrepreneurs},
            	year={2023},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16145},
            	url={https://www.iza.org/publications/dp16145},
	abstract={I investigate the mechanisms that drive sorting into entrepreneurship and entrepreneurial success among young individuals. I use Canadian matched owner-employeremployee data to conduct my investigation. Empirically, older entrepreneurs and entrepreneurs who have previously worked in high-wage firms tend to do better. To explain these findings, I develop a dynamic Roy model of career choice that features heterogeneous employers, human capital accumulation, and unobserved heterogeneity across individuals. Among other things, I find that prior work experience is particularly valuable for "subsistence" entrepreneurs. I use the estimated model to evaluate policies designed to promote entrepreneurship. },
	keywords={dynamic Roy model;career choice;firm heterogeneity;human capital;entrepreneurship;unobserved heterogeneity},
            }