Campus Units

Economics

Document Type

Article

Publication Date

7-2014

Journal or Book Title

IZA Journal of Labor Economics

Volume

3

Issue

4

First Page or Article ID Number

1

Last Page

15

DOI

10.1186/2193-8997-3-4

Abstract

We investigate whether nonprofit and for-profit entrepreneurs share similar observable and unobservable skills. In JLE 23:649-680, 2005 ‘Jacks-of-all-Trades’ model of entrepreneurship, individuals with more diverse academic and occupational training are more likely to become entrepreneurs, while more narrowly trained individuals become employees. Data on college graduates from a single university show that observed diverse skills increase the probability that the graduate will open both for-profit and nonprofit venture. Positive correlation in the errors that jointly affect for-profit and nonprofit start-ups is consistent with the existence of an unobserved entrepreneurial skill, a key factor underlying Lazear’s theory.

Comments

This article is from IZA Journal of Labor Economics 3 (2014): 1, doi:10.1186/2193-8997-3-4 . Posted with permission.

Rights

This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited.

Copyright Owner

Cho and Orazem

Language

en

File Format

application/pdf

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