Blanchflower, David G. , Oswald, Andrew J. and Stutzer, Alois . (2001) Latent entrepreneurship across nations. European Economic Review , Vol.45 (No.4-6). pp. 680-691. ISSN 0014-2921

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Abstract

The paper studies latent entrepreneurship across nations. There are three main findings. First, large numbers of people in the industrial countries say they would prefer to be self-employed. Top of the international ranking of entrepreneurial spirit come Poland (with 80% saying so), Portugal and the USA; bottom of the table come Norway (with 27% saying so), Denmark and Russia. Second, for individuals the probability of preferring to be self-employed is strongly decreasing with age, while the probability of being self-employed is strongly increasing with age. Third, we show that self-employed individuals have noticeably higher job satisfaction than the employed, so people's expressed wish to run their business cannot easily be written off as mistaken. We speculate on why so much entrepreneurial spirit lies dormant.

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:	European Economic Review
Publisher:	Elsevier
ISSN:	0014-2921
Date:	9 May 2001
Volume:	Vol.45
Number:	No.4-6
Page Range:	pp. 680-691
Identification Number:	10.1016/S0014-2921(01)00137-4
Status:	Peer Reviewed
Access rights to Published version:	Open Access
References:	Black, J., De Meza, D. and Jeffreys, D., ‘House Prices, the Supply of Collateral, and the Enterprise Economy’, Economic Journal, 106, January 1996, 60-75. Blanchflower, D.G., ‘Self-Employment in OECD Countries’, Labour Economics, 7, September 2000, 471-505. Blanchflower, D.G. and Oswald, A.J., ‘What Makes an Entrepreneur?’, Journal of Labor Economics, 16, January 1998, 26-60. Evans, D. and Jovanovic, B., ‘An Estimated Model of Entrepreneurial Choice under Liquidity Constraints’, Journal of Political Economy, 97, 1989, 808-927. Holtz-Eakin, D., Joulfaian, D., and Rosen, H.S., ‘Entrepreneurial Decisions and Liquidity Constraints’, Rand Journal of Economics, 25 (Summer), 1994, 334-347. Lindh, T. and Ohlsson, H., ‘Self-Employment and Self-Financing’, Economic Journal, 106, November 1994, 1515-26. OECD, Employment Outlook, Organisation for Economic Cooperation and Development, Paris, 2000.
URI:	http://wrap.warwick.ac.uk/id/eprint/340

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