Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21411 
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dc.contributor.authorLazear, Edward P.en
dc.date.accessioned2009-01-28T16:22:10Z-
dc.date.available2009-01-28T16:22:10Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/21411-
dc.description.abstractThe theory proposed below is that entrepreneurs are jacks-of-all-trades who may not excel in any one skill, but are competent in many. A coherent model of the choice to become an entrepreneur is presented. The primary implication is that individuals with balanced skills are more likely than others to become entrepreneurs. The model provides implications for the proportion of entrepreneurs by occupation, by income and yields a number of predictions forthe distribution of income by entrepreneurial status. Using a data set of Stanford alumni, the predictions are tested and found to hold. In particular, by far the most important determinant of entrepreneurship is having background in a large number of different roles. Further, income distribution predictions, e.g., that there are a disproportionate number of entrepreneurs in the upper tail of the distribution, are borne out.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x760en
dc.subject.jelJ4en
dc.subject.ddc330en
dc.subject.keywordentrepreneurshipen
dc.subject.keywordoccupation choiceen
dc.subject.keyworddiversityen
dc.subject.keywordjack-of-all-tradesen
dc.subject.stwUnternehmeren
dc.subject.stwBerufswahlen
dc.subject.stwPersönlichkeitspsychologieen
dc.subject.stwQualifikationen
dc.subject.stwTheorieen
dc.subject.stwVereinigte Staatenen
dc.titleEntrepreneurship-
dc.typeWorking Paperen
dc.identifier.ppn362768714en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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