NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Burden of the Nondiversifiable Risk of Entrepreneurship

Robert E. Hall, Susan E. Woodward

NBER Working Paper No. 14219
Issued in August 2008

---- Acknowledgements -----

We are grateful to Ravi Jagannathan, Deborah Lucas, Matthew Rhodes-Kropf, and numerous seminar participants for comments and to Katherine Litvak for data on venture-contract terms. Hall's research is part of the Economic Fluctuations and Growth Program of the National Bureau of Economic Research. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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