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.
- Language
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Englisch
- Bibliographic citation
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Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 539
- Classification
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Wirtschaft
Entrepreneurship
Human Capital; Skills; Occupational Choice; Labor Productivity
Microeconomic Behavior: Underlying Principles
- Subject
-
entrepreneurial choice
vocational choice
personality traits
- Event
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Geistige Schöpfung
- (who)
-
Fritsch, Michael
Sorgner, Alina
- Event
-
Veröffentlichung
- (who)
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Deutsches Institut für Wirtschaftsforschung (DIW)
- (where)
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Berlin
- (when)
-
2013
- Handle
- Last update
- 10.03.2025, 11:42 AM CET
Data provider
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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
- Arbeitspapier
Associated
- Fritsch, Michael
- Sorgner, Alina
- Deutsches Institut für Wirtschaftsforschung (DIW)
Time of origin
- 2013
Other Objects (12)
Stepping forward: Personality traits, choice of profession, and the decision to become self-employed
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Stepping forward: Personality traits, choice of profession, and the decision to become self-employed
Stepping Forward: Personality Traits, Choice of Profession, and the Decision to Become Self-Employed
Entrepreneurial Career Paths : Occupational Environments and the Propensity to Become Self-Employed
Entrepreneurial Career Paths: Occupational Environments and the Propensity to Become Self-Employed
Who starts a business and who is self-employed in Germany
Who starts a business and who is self-employed in Germany
Who starts a business and who is self-employed in Germany
Types of institutions and well-being of self-employed and paid employees in Europe
Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe
Business dynamics in the transformation process of post-socialist societies: an introduction
Fritsch, Michael
Auswahl und Gestaltung vorhabensbezogener aufbauorganisatorischer Lösungen der Leitung des Entwicklungs- und Überleitungsprozesses neuer Erzeugnisse in Maschinenbaubetrieben der DDR
Stepping forward: Personality traits, choice of profession, and the decision to become self-employed
Stepping Forward: Personality Traits, Choice of Profession, and the Decision to Become Self-Employed
Entrepreneurial Career Paths : Occupational Environments and the Propensity to Become Self-Employed
Entrepreneurial Career Paths: Occupational Environments and the Propensity to Become Self-Employed
Who starts a business and who is self-employed in Germany
Who starts a business and who is self-employed in Germany
Who starts a business and who is self-employed in Germany
Types of institutions and well-being of self-employed and paid employees in Europe
Types of Institutions and Well-Being of Self-Employed and Paid Employees in Europe
Business dynamics in the transformation process of post-socialist societies: an introduction
Fritsch, Michael