van Praag, C.M. and van Ophem, J.C.M. (1995). Determinants of willingness and opportunity to start as an entrepreneur Kyklos, 48:513--540.
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Affiliated author
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Publication year1995
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JournalKyklos
This paper develops an empirical model to separate the unobserved factors of {\textquoteleft}opportunity' and {\textquoteleft}willingness{\textquoteright} in the decision of labor force participants to become self-employed or not. The estimation results suggest that the majority of young Americans is willing to switch to self-employment but that opportunity is a major constraint, especially through finance. Entrepreneurial ability aspects that can compensate for a lack of capital are scarce.