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Credit Constraints, Job Mobility, and Entrepreneurship: Evidence from a Property Reform in China

Year: 2010

Type: article

Abstract: This paper provides new evidence on the impact of private property rights and employer-provided housing on entrepreneurship. I find an increase in self-employment following a reform in urban China that allowed state employees who were renting state-owned housing the opportunity to buy their homes at subsidized prices. I develop a model of job choice to test two mechanisms that might explain how the reform increased entrepreneurship. I find evidence that the reform reduced labor mobility costs and alleviated credit constraints by allowing households to capitalize on the value of the real estate.

Source: The Review of Economics and Statistics

DOI: 10.1162/rest_a_00160

Author: Shing-Yi Wang

Institution: New York University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty, Reduced inequalities

Open Access status: green

OpenAlex ID: W2095654480

FWCI: 19.42

Cites: 54

Cited by: 191

Related to: 10