Essays On Entrepreneurship Income Inequality And Social Comparison
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Essays On Entrepreneurship Income Inequality And Social Comparison
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Author : Justin Pepe
language : en
Publisher:
Release Date : 2023
Essays On Entrepreneurship Income Inequality And Social Comparison written by Justin Pepe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Business categories.
Rising income inequality, generally defined as the unequal dispersion of income between individuals or households, has been labeled one of the grandest challenges of our time and among the most pernicious threats to society. It has been linked to numerous institutional degradations, negative community externalities, and adverse individual outcomes. However, little-to-no research examines the potential psychological effects of income inequality on entrepreneurs, including how contextual variables shape these effects and impact entrepreneurs' propensities to launch new ventures.This dissertation addresses these gaps utilizing econometric, psychometric, and experimental methodologies in the following three ways. First, because local determinants of startup formation are becoming an increasingly important area of focus among entrepreneurship scholars, I examine the effects of income inequality and household median income levels on startup formation in U.S. counties. Second, using a nationally representative sample of nascent entrepreneurs in the U.S., I investigate the individual-level constructs that help to explain how or why income inequality influences individual-level entrepreneurial beliefs, actions, and results. I argue that economic inequality likely influences entrepreneurial expectancy (beliefs), entrepreneurial actions, and startup formation, but also suggest that these effects likely depend on the entrepreneurs' household income. Third, I probe another individual variable that might influence how entrepreneurs perceive and react to income inequality. Specifically, entrepreneurs vary in their social comparison orientation, which refers to their propensities to evaluate themselves in relation to others. The final essay uses an experimental methodology to examine the combined influences of income inequality, household income, and social comparison orientation on entrepreneurs' expectancy beliefs.
Three Essays On Economic Development
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Author : Paula Luciana Méndez Errico
language : en
Publisher:
Release Date : 2014
Three Essays On Economic Development written by Paula Luciana Méndez Errico and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
The main objective of this dissertation is to study some of the mechanisms suggested by the economic literature as factors that could prevent individuals from attaining certain domains of well-being. This thesis is divided in three independent essays providing new evidence on three issues within the field of economic development: the effect of social networks on immigrants' labor market outcomes (first essay), the long-lasting impact of income inequality on entrepreneurial success and job creation (second essay), and the importance of multiple abilities, parental educational background and race in explaining educational gaps (third essay). I explain the goal and findings of these three essays next. The first essay "The impact of social networks on immigrants' employment prospects: the Spanish case 1997-2007" analyzes the factors that could affect immigrants' integration in the host country. Specifically, I study the extent to which social networks affect job match and wages for immigrants in Spain. By focusing on social networks impact on labor market outcomes, I contribute to the empirical literature by addressing a less explored channel through which immigrants' social and economic integration could be affected. The findings suggest that social networks are likely to help immigrants to find a job in the short-run, but may limit opportunities to fully integrate in the longer term. These results shed light on the importance of social networks preventing immigrants' integration, as well as help to orientate the design of integration policies for immigrants living in Spain. The second essay "The Long-Term Effect of Inequality on Entrepreneurship and Job Creation" studies the extent to which initial conditions understood as income inequality in 1700s and 1800s, and credit market institutions, can condition entrepreneurship and job creation to flourish over time. This essay adds to the literature on the long-lasting effects of income inequality on economic development by empirically testing the predictions of the model by Banerjee and Newman (1993). This model predicts that countries with initially low income inequality would grow over time aided by a strong entrepreneurial sector. A contrasting equilibrium could be reached if a country starts with a high ratio of poor to wealthy people. In this case development runs out of steam. The findings of this essay give empirical support to the predictions of the model, showing that historical income inequality and current credit market imperfections prevent firms to be created and surviving over time, at the time that affect job creation over time. To the best of our knowledge, this article is the first one that tests the long-term effects of inequality on occupational choice. The third essay, entitled "Schooling progression in Uruguay: why some children are left behind?" studies the impact of parental traits on children's educational attainment in Uruguay. Specifically, I analyze whether long-term parental background, crystallized by parental educational background, race, cognitive and non-cognitive abilities, and short-term family income measured by the opportunity cost of education, affect child' schooling progression, and at what stage of the educational path they take on their importance. The results show that parental educational background, cognitive and non-cognitive abilities have effects of diverse magnitude across stages of the educational path. Long-term parental background has increasing effect over the children's schooling progression in comparison to short-term parental income as it decreases its significance when students progress to higher schooling stages. Specifically, cognitive ability has increasing effects on the students' likelihood of dropping out across the educational path. Motivation and risky behavior measuring non-cognitive ability also influence children's schooling completion at early stages of education.
Using Entrepreneurship And Social Innovation To Mitigate Wealth Inequality
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Author : Thomas S. Lyons
language : en
Publisher: Walter de Gruyter GmbH & Co KG
Release Date : 2018-11-05
Using Entrepreneurship And Social Innovation To Mitigate Wealth Inequality written by Thomas S. Lyons and has been published by Walter de Gruyter GmbH & Co KG this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-05 with Business & Economics categories.
Economic inequality continues to contribute to political and social instability around the world. This instability stifles development and results in widening the wealth gap between the "haves" and "have nots," further eroding stability. It has been argued that entrepreneurship is a prime contributor to this vicious cycle. Using Entrepreneurship and Social Innovation to Mitigate Wealth Inequality contends that this is only true when the opportunity for entrepreneurship is limited to a few. The authors maintain that when entrepreneurship is open to anyone who is properly motivated, innovative, and has a goal of growth for their enterprise, it helps build wealth for a greater number of people. The concept of "social entrepreneurship" is introduced, where entrepreneurship becomes a vehicle for explicitly addressing community-based economic and social challenges using markets. The book uses examples of entrepreneurial projects and programs that have attempted to address inequality to discuss entrepreneurship as an economic development strategy and its role in addressing the challenges of economic inequality. It advocates thinking and acting systemically, creating and sustaining entrepreneurial support ecosystems, in order to generate the synergy required to scale-up development and transform our economies and provides a distinctive perspective on a pressing social and economic issue, with significant implications for the future of the United States and the world.
Equality Participation Transition
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Author : V. Franicevic
language : en
Publisher: Springer
Release Date : 2000-06-06
Equality Participation Transition written by V. Franicevic and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-06-06 with Business & Economics categories.
A collections of essays in honour of Branko Horvat, an economist and social thinker of great international reputation from former Yugoslavia and nowadays Croatia. The essays deal with themes related to Horvat's own work, namely equality, social justice, employee participation, labour management, systemic change, privatization, and growth.
Essays On Entrepreneurship Productivity And Inequality
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Author : Melanie Eileen Wallskog
language : en
Publisher:
Release Date : 2022
Essays On Entrepreneurship Productivity And Inequality written by Melanie Eileen Wallskog and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
This dissertation comprises three chapters that study the sources of more and less productive new firms and the subsequent implications of productivity dispersion for earnings inequality in the United States. The first chapter studies how more and less productive firms are started. Using large-scale administrative data, I track the employment and entrepreneurship of over forty million Americans and investigate entrepreneurial spillovers across coworkers, based on the idea that individuals who start their own firms learn institutional knowledge and entrepreneurial skills that they may teach others. I find that an individual whose current coworkers have more prior entrepreneurship experience is more likely to become an entrepreneur themself within the next five years, and these spillovers are strongest among workers with similar jobs and demographics. Furthermore, an individual is more likely to become a successful entrepreneur if those coworkers were themselves successful entrepreneurs. To quantify the role of these spillovers, I build a structural model of entrepreneurship and learning and estimate that the aggregate entrepreneurship rate would be 10% lower in the absence of learning. The second chapter explores the sources of between-firm earnings inequality, including the role of rising productivity dispersion. Over the last several decades, rising pay dispersion between firms accounts for the majority of the dramatic increase in earnings inequality in the United States. This paper shows that a distinct cross-cohort pattern drives this rise: newer cohorts of firms enter more dispersed and stay more dispersed throughout their lives. A similar cohort pattern drives a variety of other closely related facts: increases in worker sorting across firms on the basis of pay, education, and age, and increasing productivity dispersion across firms. We discuss two important implications. First, these cohort patterns suggest a link between changes in firm entry associated with the decline in business dynamism and the rise in earnings inequality. Second, cohort effects imply a slow diffusion of inequality: we expect inequality to continue to rise as older and more equal cohorts of firms are replaced by younger and more unequal cohorts. Back of the envelope calculations suggest that this momentum could be substantial with increases in between-firm inequality in the next two decades almost as large as in last two. The third chapter investigates the roles of productivity and management in driving within-firm earnings inequality. Using confidential Census matched employer-employee earnings data we find that employees at more productive firms, and firms with more structured management practices, have substantially higher pay, both on average and across every percentile of the pay distribution. This pay-performance relationship is particularly strong amongst higher paid employees, with a doubling of firm productivity associated with 11% more pay for the highest-paid employee (likely the CEO) compared to 4.7% for the median worker. This pay-performance link holds in public and private firms, although it is almost twice as strong in public firms for the highest-paid employees. Top pay volatility is also strongly related to productivity and structured management, suggesting this performance-pay relationship arises from more aggressive monitoring and incentive practices for top earners.
Three Essays On The Interplay Between Entrepreneurship Iinnovation And Socioeconomic Phenomena
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Author : Astrid Marinoni
language : en
Publisher:
Release Date : 2020
Three Essays On The Interplay Between Entrepreneurship Iinnovation And Socioeconomic Phenomena written by Astrid Marinoni and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
My dissertation is composed of three chapters that explore the relationships between entrepreneurship, innovation, and the broader economic and social dynamics that are shaping the modern world. In the area of entrepreneurship and innovation, one aspect that is often examined is that of the relationship between individuals and firms. In my work, I examine the role that social and economic factors play in shaping the environment within which entrepreneurs and innovators work and grow. The first chapter of the dissertation focuses on the impact of immigration on entrepreneurship and explores the consequences of start-up location on the number of immigrant-founded start-ups and their performance. I find that immigration has a positive effect on immigrant entrepreneurship only in non-enclave areas. Additional analyses uncovering the mechanism suggest that discrimination faced by immigrants in non-enclave areas might be the main driver for the increased entrepreneurship. In a second chapter on entrepreneurship, jointly authored with John Voorheis, we explore how entrepreneurship influences income inequality and social mobility in the United States. Shedding light on who gains from entrepreneurship is crucial to understanding whether investments in incubating potentially innovative start-up firms will produce socially beneficial outcomes. We find that entrepreneurship increases income inequality. Further, we find that this increase in income inequality arises because almost all the individual gains associated with increased entrepreneurship accrue to the top section of the income distribution. In the third chapter, joint with Michela Giorcelli and Nico Lacetera, we study the interplay between scientific progress and culture through text analysis on a corpus of about eight million books, with the use of machine learning techniques. We focus on a specific scientific breakthrough: the theory of evolution by Charles Darwin. Besides examining the diffusion of certain concepts that characterized this theory, we document their semantic changes over time. Our findings thus show a complex relationship between two key factors of long-term economic growth: science and culture. We argue that considering the evolution of these two factors jointly can offer new insights to the study of the determinants of economic development, and machine learning is a promising tool to explore these relationships.
Empirical Essays On Poverty Inequality And Social Welfare
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Author : Brian Daniel McCaig
language : en
Publisher:
Release Date : 2009
Empirical Essays On Poverty Inequality And Social Welfare written by Brian Daniel McCaig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This thesis consists of three empirical chapters related to distributional outcomes, such as poverty and inequality, in three different contexts.Chapter 2 provides a detailed description of the evolution of income inequality in Vietnam between 1993 and 2006. We construct consistent estimates of annual household income using five nationally representative household surveys. Our main finding is that Vietnam's rapid growth was accompanied by a reduction in inequality between 1993 and 2002 and an unchanged level of inequality between 2002 and 2006. We find that strong growth in employment income and robust growth of cropping income played an important role in decreasing rural inequality, while the growth of wage income and the stagnation of household business income similarly contributed to the reduction in urban inequality.Chapter 1 outlines a class of statistical procedures that permit testing of a broad range of multidimensional stochastic dominance hypotheses. We apply the procedures to data on income and leisure hours for individuals in Germany, the UK, and the USA. We find that no country first-order stochastically dominates the others in both dimensions for all years of comparison. Furthermore, while in general the USA stochastically dominates Germany and the UK with respect to income, in most periods Germany stochastically dominates with respect to leisure hours. Finally, we find evidence that bivariate poverty is lower in Germany than in either the UK or the USA. On the other hand, poverty comparisons between the UK and the USA are sensitive to the subpopulation of individuals considered.Chapter 3 examines the impacts of the 2001 U.S.-Vietnam Bilateral Trade Agreement on provincial poverty level in Vietnam. My main finding is that provinces that were more exposed to the U.S. tariff cuts experienced faster decreases in poverty between 2002 and 2004. I subsequently explore three labour market channels from the trade agreement to poverty alleviation. Provinces that were more exposed to the tariff cuts experienced (1) increases in provincial wage premiums for low-skilled workers, (2) faster movement into wage and salaried jobs for low-skilled workers, and (3) more rapid job growth in formal enterprises.
Empirical Essays On Poverty Inequality And Social Welfare
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Author : Brian Daniel McCaig
language : en
Publisher:
Release Date : 2009
Empirical Essays On Poverty Inequality And Social Welfare written by Brian Daniel McCaig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
This thesis consists of three empirical chapters related to distributional outcomes, such as poverty and inequality, in three different contexts. Chapter 2 provides a detailed description of the evolution of income inequality in Vietnam between 1993 and 2006. We construct consistent estimates of annual household income using five nationally representative household surveys. Our main finding is that Vietnam's rapid growth was accompanied by a reduction in inequality between 1993 and 2002 and an unchanged level of inequality between 2002 and 2006. We find that strong growth in employment income and robust growth of cropping income played an important role in decreasing rural inequality, while the growth of wage income and the stagnation of household business income similarly contributed to the reduction in urban inequality. Chapter 1 outlines a class of statistical procedures that permit testing of a broad range of multidimensional stochastic dominance hypotheses. We apply the procedures to data on income and leisure hours for individuals in Germany, the UK, and the USA. We find that no country first-order stochastically dominates the others in both dimensions for all years of comparison. Furthermore, while in general the USA stochastically dominates Germany and the UK with respect to income, in most periods Germany stochastically dominates with respect to leisure hours. Finally, we find evidence that bivariate poverty is lower in Germany than in either the UK or the USA. On the other hand, poverty comparisons between the UK and the USA are sensitive to the subpopulation of individuals considered. Chapter 3 examines the impacts of the 2001 U.S.-Vietnam Bilateral Trade Agreement on provincial poverty level in Vietnam. My main finding is that provinces that were more exposed to the U.S. tariff cuts experienced faster decreases in poverty between 2002 and 2004. I subsequently explore three labour market channels from the trade agreement to poverty alleviation. Provinces that were more exposed to the tariff cuts experienced (1) increases in provincial wage premiums for low-skilled workers, (2) faster movement into wage and salaried jobs for low-skilled workers, and (3) more rapid job growth in formal enterprises.
Essays On Top Income Inequality
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Author : Jihee Kim
language : en
Publisher:
Release Date : 2013
Essays On Top Income Inequality written by Jihee Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Top income inequality, defined as the income gap within the top 1% income group, has been rising in the United States since the 1980s but remained low and stable in economies like France and Japan. Why? This dissertation studies what might have affected the widening income gap in the United States as well as the cross-country differences. The first chapter considers the most natural candidate: the effect of the top marginal tax rate on the high-income taxpayers. Identifying endogenous human capital accumulation as a link between top marginal tax rates and top incomes, this chapter shows that a decline in the top marginal tax rate can increase top income inequality as well as top incomes. We develop an infinite-horizon, heterogeneous agent model, where human capital accumulation is endogenously characterized by a proportional random growth process. If the top marginal tax rate declines, the benefit of human capital investment will increase, thereby increasing the growth rate of human capital. Since this growth rate pins down the Pareto inequality measure of the top income distribution, a decrease in the top marginal tax rate will lead to a more unequal Pareto income distribution, while simultaneously increasing every top income. When calibrated to the U.S. income data, the model finds that the reduction of the top marginal tax rate from 60% to 35% can account for 46.6% of the increase in top income inequality and 41.0% of the increase in the top 1% income share between 1980 and 2010. The second chapter theoretically examines three other candidates: the rise in the rate of top income growth, the direction of technological change, and misallocation of top talents to firms. The first model shows that if the growth rate of top incomes increases either by the rise in the returns to experience or by the rise in human capital accumulation effort, the top income inequality increases. The second model studies the direction of technological change and shows why the technological changes can be "talent-biased" at least along a transition path. The last model shows that top income inequality can increase when the matching between firms and talent becomes more efficient. This suggests that the rise in top income inequality in the United States may reflect an improvement in the allocation of talent.
Social Comparison Judgment And Behavior
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Author : Jerry Suls
language : en
Publisher: Oxford University Press
Release Date : 2019-11-22
Social Comparison Judgment And Behavior written by Jerry Suls and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-22 with Psychology categories.
Comparison with other people, a core element of social life, influences self-concept, attitudes, conformity, psychological and physical well-being, achievement, educational outcomes, and social movements. Social comparison has become particularly salient as social and income inequalities have been increasingly recognized in the United States and elsewhere globally. This volume presents classic and state-of-the-science chapters by leading experts that survey the major areas of social comparison theory and research. Authored by noted experts, the volume is divided into three sections: Basic Comparison Processes, Neighboring Fields, and Applications. The first section is comprised of chapters that update classic theories and present contemporary advances, such as the dominating effect of local versus global comparisons, an analysis of the psychology of competition, how comparisons across different domains influence self-concept and achievement, and the integral connections between stereotyping and comparison. The second section introduces perspectives from related fields, such as the decision and network sciences, that shed new light on social comparison. The third section focuses on practical applications of comparison, including relative deprivation, health psychology, the effects of income inequality on well-being, and the relationship of power to comparison. This volume is a must-read for anyone interested in the field of social comparison and its implications for everyday life.