www.pse.ens.fr
| Title: | www.pse.ens.fr |
|---|---|
| Authors: | Milo Bianchi; Jel Codes L; École Nationale; Des Ponts; Et Chaussées; École Normale; Supérieure Financial Development |
| Contributors: | The Pennsylvania State University CiteSeerX Archives |
| Source: | http://hal-enpc.archives-ouvertes.fr/docs/00/58/60/59/PDF/wp200859.pdf. |
| Publication Year: | 2011 |
| Collection: | CiteSeerX |
| Subject Terms: | Financial development; entrepreneurship; job |
| Description: | This paper shows that utility di¤erences between the self-employed and the employees increase with …nancial development. This e¤ect is not explained by increased pro…ts but by an increased value of nonmonetary bene…ts, in particular job independence. We interpret these …ndings by building a simple occupational choice model in which …-nancial constraints may impede …rms’creation and depress labor demand, thereby pushing some individuals into self-employment for lack of salaried jobs. In this setting, …nancial development favors a better matching between individual motivation and occupation, thereby increasing entrepreneurial utility despite increasing competition and so reducing pro…ts. Financial development; entrepreneurship; job satisfac-Keywords: tion. |
| Document Type: | text |
| File Description: | application/pdf |
| Language: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.396.315 |
| Availability: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.396.315; http://hal-enpc.archives-ouvertes.fr/docs/00/58/60/59/PDF/wp200859.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: | edsbas.B3091FDD |
| Database: | BASE |