edited by Douglas Holtz-Eakin
and Harvey S. Rosen

The MIT Press
Cambridge, Massachusetts
London, England

Contents
Introduction vii
1 When Bureaucrats Meet Entrepreneurs: The Design of Effective
‘‘Public Venture Capital’’ Programs 1
Josh Lerner
2 The Self-Employed Are Less Likely to Have Health Insurance
Than Wage Earners. So What? 23
Craig William Perry and Harvey S. Rosen
3 Business Formation and the Deregulation of the Banking
Industry 59
Sandra E. Black and Philip E. Strahan
4 Public Policy and Innovation in the U.S. Pharmaceutical
Industry 83
Frank R. Lichtenberg
5 Dimensions of Nonprofit Entrepreneurship: An Exploratory
Essay 115
Joseph J. Cordes, C. Eugene Steuerle, and Eric Twombly
6 Does Business Ownership Provide a Source of Upward Mobility
for Blacks and Hispanics? 153
Robert W. Fairlie
7 Entrepreneurial Activity and Wealth Inequality: A Historical
Perspective 181
Carolyn M. Moehling and Richard H. Steckel
Index 211