We use individual survey data from 43 countries and show that the likelihood of an individual starting a business rises with personal income – whatever the country income class - but decreases with country income – whatever the relative personal income class. This twin facts need to be jointly explained by any model that aims at an explanation of the main determinants of entrepreneurship.
|Title of host publication||5º Conferência Ibérica de Empreendedorismo|
|Subtitle of host publication||Proceedings|
|Number of pages||4|
|Publication status||Published - 2015|