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Title:Identity and entrepreneurship PDF Logo
Authors:Falck, Oliver
Heblich, Stephan
Lüdemann, Elke
Issue Date:2009
Series/Report no.:CESifo working paper 2661
Abstract:We incorporate the concept of social identity into a stylized model of occupational choice and analyze whether an individual's identity affects his or her decision to become an entrepreneur. We argue that an entrepreneurial identity results from an individual's socialization. This could be parental influence but, as argued in this paper, also peer influence. To test this empirically, we apply instrumental variable approaches to PISA data. Our findings suggest that having an entrepreneurial peer group has a positive effect on an individual's entrepreneurial intentions. Regarding entrepreneurial parents, we find a positive effect that cannot only be explained by ownership succession of the family business.
Subjects:occupational choice
entrepreneurship
identity
peer effects
JEL:J24
L26
Z13
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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