The Rise of Female Entrepreneurs: New Evidence on Gender Differences in Liquidity Constraints

No 8981, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Small business activity and female entrepreneurship have become increasingly important features of the UK economy since the start of the Great Recession. In this paper, we re-examine the impact of liquidity constraints on new business formation in an instrumental variables framework, using a previously unexplored data set from the UK. The new results indicate that it is primarily single women that drive the well-established empirical relationship between personal wealth and business start-ups. Therefore, public policies specifically targeted at relieving the liquidity constraints of women could help further accelerate the rise of female entrepreneurship.

Keywords: liquidity constraints; entrepreneurship (search for similar items in EconPapers)
JEL-codes: J23 L26 M13 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2015-04
New Economics Papers: this item is included in nep-cse, nep-ent, nep-eur and nep-sbm
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Citations: View citations in EconPapers (2)

Published - published in: European Economic Review, 2016, 86, 73-86

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Journal Article: The rise of female entrepreneurs: New evidence on gender differences in liquidity constraints (2016)
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