Interpreting Evidence on Entrepreneurship
A well-known 1998 study found that young people in Britain who received a modest, unexpected inheritance were significantly more likely to start a business than those who did not. Economists often cite this as strong evidence that a lack of access to funding holds back potential entrepreneurs. Analyze this interpretation. Why is the receipt of an inheritance considered a powerful way to study this issue, and what specific economic barrier does this evidence suggest is being overcome?
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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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