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Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice
The paper investigates whether social norms play an important role in the decision to become an entrepreneur. The authors study whether the individual decision to become an entrepreneur or entrepreneurial income are affected by the decisions of other individuals living in the same municipality.
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Available for purchase at: http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=4157