Using data from the 1983 and 1989 Federal Reserve Board Surveys of Consumer Finances, we quantify three findings about entrepreneurial saving decisions and their role in household wealth accumulation. First, entrepreneurial households own a substantial share of household wealth and income, and this share increases throughout the wealth distribution and the income distribution. Second, the portf...

Small businesses occupy a signifi cant role in policy debates. This paper reviews evidence relating to tax policy, small businesses, innovation, and entrepreneurship. We provide background information on the small business sector and alternative business defi nitions. We examine evidence suggesting that job growth and innovation tends to occur in young fi rms, which typically start off small, r...

Developing people’s interest towards starting a business plays a vital role in the former socialist countries in which, for a very long time, private property and free initiative were almost completely annihilated. Therefore, countries like Romania cannot design a sustainable growth model without taking into account the necessary improvements in the human capital factor, through the entrepreneu...

This paper focuses on the nascent entrepreneurial process from an identity-based perspective. We build on research in the role identity, entrepreneurship, and career literature to develop a multi-dimensional concept of entrepreneurial identity. We link entrepreneurial identity to the nascent process by detailing how it influences the way individuals explore an opportunity or business idea, inte...

Mounting evidence suggests that economic dynamism and entrepreneurial activity are declining in the United States. Over the past thirty years, the annual number of new business startups and the pace of job reallocation have declined significantly. A variety of causes for these trends have been suggested, including an increasing ability of firms to respond to idiosyncratic shocks, technology ind...

a r t i c l e i n f o The scientific study of youth entrepreneurship is truly in its infancy, with research on the development of entre-preneurship constrained by theoretical foundations that rely on static, trait-like approaches that equate entrepre-neurship with stable personality characteristics. In this article, we define entrepreneurship as a fluid process that relies on the bidirectional ...

The paper reports micro-econometric evidence on the factors that influence the ability of the small businesses to create employment. It uses data on self-employment from a British panel survey. In particular it investigates the contributions of financial and entrepreneurial capital to job creation. Housing wealth appears to be significantly associated with small business job creation. It appear...

Increasing the number of high growth firms (HGFs) is now a major focus for industry policy in developed countries. However, existing approaches are proving ineffective. Simply creating supportive framework conditions is insufficient. Creating favourable environments for business start-ups is not leading to the creation of more HGFs. And transactional forms of support for HGFs (e.g. financial as...

In this research the concept of mixed embeddedness is used to analyze how economic and political opportunity structures and the group characteristics of Ethiopian and Bolivian immigrants have affected the establishment and development of their businesses in metropolitan Washington, DC. The study relies upon interviews, focus groups, census data, and mapping to assess the entrepreneurial activit...