UNSPECIFIED. (1998) What makes an entrepreneur? JOURNAL OF LABOR ECONOMICS, 16 (1). pp. 26-60. ISSN 0734-306X

Full text not available from this repository.

Abstract

This article uses various micro data sets to study entrepreneurship. Consistent with the existence of capital constraints on potential entrepreneurs, the estimates imply that the probability of self-employment depends positively upon whether the individual ever received an inheritance or gift. When directly questioned in interview surveys, potential entrepreneurs say that raising capital is their principal problem. Consistent with our theoretical model's predictions, the self-employed report higher levels of job and life satisfaction than employees. Childhood psychological test-scores, however, strongly correlated with later self-employment. For many commentators this is the era of the entrepreneur. After years of neglect, those who start and manage their own businesses are viewed as popular heroes. They are seen as risk-takers and innovators who reject the relative security of employment in large organizations to create wealth and accumulate capital. Indeed, according to many, economic recovery... is largely dependent upon their ambitions and efforts.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor
Journal or Publication Title:	JOURNAL OF LABOR ECONOMICS
Publisher:	UNIV CHICAGO PRESS
ISSN:	0734-306X
Date:	January 1998
Volume:	16
Number:	1
Number of Pages:	35
Page Range:	pp. 26-60
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/16114

Data sourced from Thomson Reuters' Web of Knowledge

Request changes to a record

Actions (login required)

View Item