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Title:What makes a die-hard entrepreneur? : Trying, or persisting in, self-employment PDF Logo
Authors:Burke, Andrew E.
FitzRoy, Felix R.
Nolan, Michael A.
Issue Date:2005
Series/Report no.:Papers on entrepreneurship, growth and public policy 2305
Abstract:The paper makes three contributions to the economics literature on entrepreneurship. We offer a new measure of entrepreneurship which accounts for variations in persistence in self-employment. We outline an econometric methodology to account for this approach and find that it is superior to probit/logit models which have dominated the literature. While our results indicate that this existing literature is good at explaining an individual's propensity to try self-employment, we find that entrepreneurial persistence is determined by a different model and unearth some new insights into the roles of early career experience, finance, role models, gender and the unemployment push effect.
Subjects:Self-employment
entrepreneurial persistence
count data
JEL:C25
J23
Document Type:Working Paper
Appears in Collections:Discussion Papers on Entrepreneurship, Growth and Public Policy, MPI für Ökonomik

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