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.
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
Copyright Date
2014
Language
en
File Format
application/pdf
Recommended Citation
Cho, Insoo and Orazem, Peter F., "Are nonprofit entrepreneurs also Jacks-of-all-trades?" (2014). Economics Publications. 53.
https://lib.dr.iastate.edu/econ_las_pubs/53
Comments
This article is from IZA Journal of Labor Economics 3 (2014): 1, doi:10.1186/2193-8997-3-4 . Posted with permission.