Arbeitspapier
COVID-19 and Entrepreneurship Entry and Exit: Opportunity Amidst Adversity
We theoretically and empirically examine how acquiring new skills and increased financial worries influenced entrepreneurship entry and exit intentions during the pandemic. To that end, we analyze primary survey data we collected in the aftermath of the COVID-19's first wave in Russia, which has had one of the highest COVID-19 infection rates globally. Our results show that acquiring new skills during the pandemic helps maintain an existing business and encourages start-ups in sectors other than information technology (IT). For IT start-ups, having previous experience matters more than new skills. While the pandemic-driven financial worries are associated with business closure intentions, they also inspire new business start-ups, highlighting the creative destruction power of the pandemic. Furthermore, preferences for formal employment and remote work also matter for entrepreneurial intentions. Our findings enhance the understanding of entrepreneurship formation and closure in a time of adversity and suggest that implementing entrepreneurship training and upskilling policies during the pandemic can be an important policy tool for innovative small business development.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 15526
- Klassifikation
-
Wirtschaft
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Human Capital; Skills; Occupational Choice; Labor Productivity
Entrepreneurship
Socialist Systems and Transitional Economies: General
- Thema
-
entrepreneurship intentions
COVID-19
business closure
information technology (IT)
business entry
self-employment
Russia
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Otrachshenko, Vladimir
Popova, Olga
Nikolova, Milena
Tyurina, Elena
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Otrachshenko, Vladimir
- Popova, Olga
- Nikolova, Milena
- Tyurina, Elena
- Institute of Labor Economics (IZA)
Entstanden
- 2022
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