Arbeitspapier
Stepping forward: Personality traits, choice of profession, and the decision to become self-employed
We argue that entrepreneurial choice proceeds in at least in two steps, with vocational choice nearly always preceding choice of employment status, whether that be self-employment or dependent employment. Since the two decisions are interrelated, analysis of entrepreneurial choice as a single act may lead to inconsistent estimates of the factors that determine the decision to launch a business venture. Our empirical analysis utilizes a bivariate probit model that jointly estimates both decisions. The results support our argument that entrepreneurial choice is a two-stage decision process.
- Sprache
-
Englisch
- Erschienen in
-
Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 539
- Klassifikation
-
Wirtschaft
Entrepreneurship
Human Capital; Skills; Occupational Choice; Labor Productivity
Microeconomic Behavior: Underlying Principles
- Thema
-
entrepreneurial choice
vocational choice
personality traits
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Fritsch, Michael
Sorgner, Alina
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Fritsch, Michael
- Sorgner, Alina
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2013
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