What makes an entrepreneur?
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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Official URL: http://dx.doi.org/10.1086/209881
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|
|Official Date:||January 1998|
|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.|
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