Is Inequality Bad for Business : A Nonlinear Microeconomic Model of Wealth Effects on Self-Employment

Is Inequality Bad for Business : A Nonlinear Microeconomic Model of Wealth Effects on Self-Employment

It is widely assumed that pervasive credit market failures mean that a person's current wealth is critical to whether or not that person can take up opportunities to start a new business. The authors show that inequality in wealth can be eithe...

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Bibliographic Details
Main Authors:	Mesnard, Alice, Ravallion, Martin
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	CAPITAL CONSTRAINTS CAPITAL FORMATION CAPITAL MARKETS CAPITAL REQUIREMENTS COST OF CAPITAL CREDIT RATIONING DIMINISHING RETURNS DISTRIBUTION OF WEALTH ECONOMIC RESEARCH ECONOMIC THEORY EMPIRICAL EVIDENCE EMPLOYMENT ENTREPRENEURSHIP EQUALIZATION GROWTH THEORIES INCOME INCOME INEQUALITY INCREASING RETURNS INHERITANCE INNOVATION INTEREST RATE LIQUIDITY LIVING CONDITIONS MACROECONOMIC ACTIVITY MACROECONOMIC GROWTH MACROECONOMICS MIGRANTS MIGRATION OPPORTUNITY COST POLITICAL ECONOMY PRODUCTION FUNCTIONS PUBLIC EXPENDITURES SAVINGS WEALTH WEALTH DISTRIBUTION WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2001/01/888059/inequality-bad-business-non-linear-microeconomic-model-wealth-effects-self-employment http://hdl.handle.net/10986/19720

Internet

http://documents.worldbank.org/curated/en/2001/01/888059/inequality-bad-business-non-linear-microeconomic-model-wealth-effects-self-employment
http://hdl.handle.net/10986/19720