%0 Report
        %A Gendron-Carrier, Nicolas
        %T Prior Work Experience and Entrepreneurship: The Careers of Young Entrepreneurs
        %D 2023
        %8 2023 May
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 16145
        %U https://www.iza.org/publications/dp16145
        %X 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. 
        %K dynamic Roy model
%K career choice
%K firm heterogeneity
%K human capital
%K entrepreneurship
%K unobserved heterogeneity