Artikel
Once an entrepreneur, always an entrepreneur? The impacts of skills developed before, during and after college on firm start-ups
By allowing agents to switch from entrepreneurship to wage work and vice versa over the life cycle, this study proposes a dynamic Jacks-of-All-Trades (JAT) model where entrepreneurs invest in highly varied skills to manage their business. We simultaneously endogenize human capital investment and occupational decisions. Using the survey data of Iowa State alumni graduating between 1982 and 2006, we find that the probability of selecting a broad curriculum, having a more varied career, and becoming an entrepreneur are jointly positively correlated. Academic diversity is found to be initially important in starting a business shortly after completing schooling, but its importance declines over time.
- Language
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Englisch
- Bibliographic citation
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Journal: IZA Journal of Labor Economics ; ISSN: 2193-8997 ; Volume: 4 ; Year: 2015 ; Pages: 1-27 ; Heidelberg: Springer
- Classification
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Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
- Subject
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Entrepreneurship
Jacks-of-all-trades
Educational experiences
Working experience
Entry
- Event
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Geistige Schöpfung
- (who)
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Orazem, Peter F.
Jolly, Robert
Yu, Li
- Event
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Veröffentlichung
- (who)
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Springer
- (where)
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Heidelberg
- (when)
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2015
- DOI
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doi:10.1186/s40172-015-0023-7
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Orazem, Peter F.
- Jolly, Robert
- Yu, Li
- Springer
Time of origin
- 2015
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