Critiquing Economic Evidence on Entrepreneurship
A prominent 1998 study found that young people in Britain who received a small inheritance were significantly more likely to start a business. The authors concluded that this demonstrates a lack of capital was the primary barrier preventing them from becoming entrepreneurs (i.e., they were credit-constrained). Critically evaluate this conclusion. In your answer, propose and explain at least one plausible alternative explanation for the observed link between inheritance and entrepreneurship.
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Science
Economy
CORE Econ
Social Science
Empirical Science
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Related
A 1998 study found that when young people received a relatively small, unexpected inheritance, their probability of starting a business doubled. What is the most robust economic conclusion that can be drawn from this specific finding?
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Critiquing Economic Evidence on Entrepreneurship
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