Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87427
Authors: 
Hsieh, Chihmao
Parker, Simon C.
van Praag, C. Mirjam
Year of Publication: 
2011
Series/Report no.: 
Tinbergen Institute Discussion Paper 11-178/3
Abstract: 
This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more likely to become entrepreneurs. By not havingtaken this possible linkage into account, previous research has underestimated the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the effects of risk aversion on selection into entrepreneurship.
Subjects: 
entrepreneurship
jack-of-all-trades
risk
human capital
occupational choice
JEL: 
D81
J24
L26
M13
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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