Entrepreneurship: Cause or consequence of financial optimism?

Arbeitspapier

Extant evidence that the self-employed overestimate their returns by more than employees do is consistent with two mutually inclusive possibilities. Self-employment may generate optimism or optimists may be drawn to self-employment. This paper finds that employees who will be self-employed in the future overestimate their short-run financial wellbeing by more than those who never become self-employed. When actually self-employed they are even more optimistic. Employees aspiring to start their own business are also of above average optimism. Cross-sectional findings are therefore an amalgam of psychological disposition and environmental factors, as theory requires if optimism is to be a causal influence on entrepreneurship.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 6844

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Expectations; Speculations ; New Firms; Startups
• Thema: financial optimism ; expectations ; self-employment ; Selbstständige ; Private Finanzplanung ; Erwartungstheorie ; Persönlichkeitspsychologie ; Schätzung ; Großbritannien

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dawson, Christopher ; De Meza, David Emmanuel ; Henley, Andrew ; Arabsheibani, G. Reza
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/67175
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ