Entrepreneurship and Financial Incentives of Return, Risk, and Skew
研究机会成本（即放弃的工资）在个人选择创业而非受雇中的作用，发现工资分布的均值越高、方差越低、偏态越高，创业可能性越低。
We focus on the role of the opportunity cost in the choice for entrepreneurship in favor of wage employment, that is, the wages given up as an employee. We argue that just like outside observers, potential entrepreneurs will face great difficulty to predict their earnings from entrepreneurship. The focus on earnings forgone may help to solve the lack of robust empirical support for the effect of financial incentives on the decision to become an entrepreneur. We find, consistent with standard theory, that a higher mean, lower variance, and higher skew in the relevant wage distribution reduce the likelihood of entrepreneurship.