Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270882 
Year of Publication: 
2023
Series/Report no.: 
ifh Working Paper No. 38/2023
Version Description: 
Updated version (first published in 2022)
Publisher: 
Volkswirtschaftliches Institut für Mittelstand und Handwerk an der Universität Göttingen (ifh), Göttingen
Abstract: 
The renewed scholarly interest in the craft-based mode of competition, work, learning and innovation suggests that there are some unique aspects of the craft's way of doing business. Using a large panel data set, the present paper takes a closer look at this issue by examining the personality characteristics of business owners. Our results confirm that an individual's personality affects the likelihood of self-employment, but certain traits have a different effect in the case of crafts vis-à-vis non-crafts. We interpret this as evidence for the specificity of the 'crafts' at the fundamental level of human personality. Thus, personality traits can influence self-employment decisions differently, depending on the sector or field of entrepreneurship. The paper concludes with implications for policy and research.
Subjects: 
Crafts
Self-employment
Personality
crafts entrepreneurship
craftsmanship
JEL: 
D91
L26
M13
M21
Document Type: 
Working Paper

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