Blanchflower, David G. and Oswald, Andrew J. . (1998) What makes an entrepreneur? Journal of Labor Economics, Vol.16 (No.1). ISSN 0734-306X

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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, are not strongly correlated with later self-employment.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Entrepreneurship
Journal or Publication Title:	Journal of Labor Economics
Publisher:	University of Chicago Press
ISSN:	0734-306X
Date:	January 1998
Volume:	Vol.16
Number:	No.1
Identification Number:	10.1086/209881
Status:	Peer Reviewed
Access rights to Published version:	Open Access
Funder:	Economic and Social Research Council (Great Britain) (ESRC), Great Britain. Dept. of Employment
Version or Related Resource:	Blanchflower, D.G. and Oswald, A.J. (2004?). What makes an entrepreneur? Evidence on inheritance and capital constraints. NBER Working Paper # 3252.
URI:	http://wrap.warwick.ac.uk/id/eprint/337

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