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Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'How Wealth and Age Interact to Affect Entrepreneurship'
March 29, 2025
PHILADELPHIA, Pennsylvania, March 29 -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in Jan. 2025 by Philippe d'Astous, Slava Mikhed, Sahil Raina & Barry Scholnick entitled "How Wealth and Age Interact to Affect Entrepreneurship."

This Philadelphia Fed working paper examines how wealth, specifically lottery winnings, affects entrepreneurship differently for older and younger individuals. Researchers Philippe d&# . . .

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