search query: @indexterm Risk aversion / total: 76
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| Author: | Praag, C. M. van Cramer, J. S. |
| Title: | The roots of entrepreneurship and labour demand: individual ability and low risk aversion |
| Journal: | Economica
2001 : VOL. 68:269, s. 45-62 |
| Index terms: | COMPANY FORMATION ENTREPRENEURSHIP INDIVIDUAL BEHAVIOUR LABOUR DEMAND RISK AVERSION |
| Language: | eng |
| Abstract: | This paper develops a model as a means to explain business formation and the labour demand of entrepreneurs. An individual will become an entrepreneur if the expected rewards surpass the wages of employment, and the expected rewards depend on an assessment of individual ability and on risk attitude. Actual ability determines success and hence the demand for wage labour of the firm. |
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