Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/81523
Authors: 
Asoni, Andrea
Year of Publication: 
2011
Series/Report no.: 
IFN Working Paper 887
Abstract: 
I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and self-confidence affect business ownership through two different channels: intelligence increases business survival while self-confidence increases business creation. Finally, once we control for intelligence and self-confidence the effect of formal college education almost completely vanishes. These results are robust to controlling for selection into entrepreneurship and selection into college.
Subjects: 
Entrepreneurship
College Education
Intelligence
Self-confidence
JEL: 
C41
J24
L26
Document Type: 
Working Paper

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