Reducing Start-up Costs for New Firms: The Double Dividend on the Labor Market
Dulleck, Uwe, Frijters, Paul, & Winter-Ember, Rudolf (2006) Reducing Start-up Costs for New Firms: The Double Dividend on the Labor Market. The Scandinavian Journal of Economics, 108(2), pp. 317-338.
Description
Starting a firm with expansive potential is an option for educated and high-skilled workers. If there are labor market frictions, this additional option can be seen as reducing the chances of ending up in a low-wage job and hence increases the incentives for education. We show within a matching model that reducing the start-up costs for new firms results in higher take-up rates of education. It also leads, through a thick-market externality, to higher rates of job creation for high-skilled labor as well as average match productivity. We provide empirical evidence to support our argument.
Impact and interest:
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| ID Code: | 8571 | ||
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| Item Type: | Contribution to Journal (Journal Article) | ||
| Refereed: | Yes | ||
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| Measurements or Duration: | 22 pages | ||
| Keywords: | Bureaucratic Hurdles, Education, Matching, Start-up Costs, Venture Capital | ||
| DOI: | 10.1111/j.1467-9442.2006.00455.x | ||
| ISSN: | 0347-0520 | ||
| Pure ID: | 33845321 | ||
| Divisions: | Past > QUT Faculties & Divisions > QUT Business School Current > Schools > School of Economics & Finance |
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| Copyright Owner: | Consult author(s) regarding copyright matters | ||
| Copyright Statement: | This work is covered by copyright. Unless the document is being made available under a Creative Commons Licence, you must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a Creative Commons License (or other specified license) then refer to the Licence for details of permitted re-use. It is a condition of access that users recognise and abide by the legal requirements associated with these rights. If you believe that this work infringes copyright please provide details by email to [email protected] | ||
| Deposited On: | 13 Jul 2007 00:00 | ||
| Last Modified: | 08 Feb 2025 20:15 |
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