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The importance of capital in closing the entrepreneurial gender gap : a longitudinal study of lottery wins
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Flèche, Sarah, Lepinteur, Anthony and Powdthavee, Nattavudh (2021) The importance of capital in closing the entrepreneurial gender gap : a longitudinal study of lottery wins. Journal of Economic Behavior & Organization, 188 . pp. 591-607. doi:10.1016/j.jebo.2021.05.038 ISSN 0167-2681.
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Official URL: https://doi.org/10.1016/j.jebo.2021.05.038
Abstract
Would improving women's access to capital reduce the gender entrepreneurial gap? We study this issue by exploiting longitudinal data on lottery winners. Comparing between large to small winners, we find that an increase in lottery win in period t − 1 significantly increases the likelihood of becoming self-employed in period t. This windfall effect is statistically the same in magnitude for men and women; the top 25% winners (an average win = £831.16) in year t − 1 report a significant increase in the probability of self-employment in year t by approximately 2 percentage points, which is approximately 20–30% of the gender entrepreneurial gap. These results suggest that we can causally reduce the gender entrepreneurial gap by improving women's access to capital that might not be as readily available to the aspiring female entrepreneurs as it is to male entrepreneurs.
| Item Type: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HG Finance H Social Sciences > HM Sociology H Social Sciences > HQ The family. Marriage. Woman |
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| Divisions: | Faculty of Social Sciences > Warwick Business School > Behavioural Science Faculty of Social Sciences > Warwick Business School |
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| Library of Congress Subject Headings (LCSH): | Capital , Sex discrimination against women, Equality, Self-employed women , Businesswomen , Entrepreneurship, Lottery winners | ||||||||
| Journal or Publication Title: | Journal of Economic Behavior & Organization | ||||||||
| Publisher: | Elsevier BV | ||||||||
| ISSN: | 0167-2681 | ||||||||
| Official Date: | August 2021 | ||||||||
| Dates: |
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| Volume: | 188 | ||||||||
| Page Range: | pp. 591-607 | ||||||||
| DOI: | 10.1016/j.jebo.2021.05.038 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 1 June 2021 | ||||||||
| Date of first compliant Open Access: | 19 December 2022 | ||||||||
| RIOXX Funder/Project Grant: |
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