Unemployment Benefits Crowd Out Nascent Entrepreneurial Activity
2008-03-25
Research Paper
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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).
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- O32 : Management of Technological Innovation and R&D
- J65 : Unemployment Insurance; Severance Pay; Plant Closings
- M : Business Administration and Business Economics; Marketing; Accounting
- M13 : New Firms; Startups
Automatically Extracted Terms
- unemployment
- unemployment benefits
- benefit
- effect
- entrepreneur
- support
- country
- activity
- out-of-work income maintenance
- result
- unemployment benefits crowd
- business
- 16 countries
- model
- table
- research
- share
- index
- time dummies
- series
