Unemployment Benefits Crowd Out Nascent Entrepreneurial Activity
Erasmus School of Economics; Tinbergen Institute; Erasmus Research Institute of Management (ERIM)
Southern Methodist University
25 2008 3,
ERIM Report Series Reference No. ERS-2008-012-ORG
Analyzing a cross-country panel of 16 OECD countries from 2002 to 2005, we find that higher unemployment benefits crowd out nascent entrepreneurial activity. Our results hold regardless of entrepreneurial motivation (necessity or opportunity) and entrepreneurial type (imitative or innovative).
Number of Pages in PDF File: 12
Keywords: entrepreneurship, business startups, unemployment benefits
JEL Classification: M13, O32, M, J65working papers series
Date posted: January 17, 2009
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