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dc.contributor.authorLazear, Edward P.en_US
dc.date.accessioned2009-01-28T16:22:10Z-
dc.date.available2009-01-28T16:22:10Z-
dc.date.issued2003en_US
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 for the 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_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesIZA Discussion paper series 760en_US
dc.subject.jelJ4en_US
dc.subject.ddc330en_US
dc.subject.keywordentrepreneurshipen_US
dc.subject.keywordoccupation choiceen_US
dc.subject.keyworddiversityen_US
dc.subject.keywordjack-of-all-tradesen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwBerufswahlen_US
dc.subject.stwPersönlichkeitspsychologieen_US
dc.subject.stwQualifikationen_US
dc.subject.stwTheorieen_US
dc.subject.stwVereinigte Staatenen_US
dc.titleEntrepreneurshipen_US
dc.typeWorking Paperen_US
dc.identifier.ppn362768714en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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