Arbeitspapier

Are the self-employed really jacks-of-all-trades? Testing the assumptions and implications of Lazear's theory of entrepreneurship with German data

to connected objects

Using a large representative German data set and various concepts of self-employment, this paper tests the jack-of-all-trades view of entrepreneurship by Lazear (AER 2004). Consistent with its theoretical assumptions we find that self-employed individuals perform more tasks and that their work requires more skills than that of paid employees. In contrast to Lazear's assumptions, however, self-employed individuals do not just need more basic but also more expert skills than employees. Our results also provide only very limited support for the idea that human capital investment patterns differ between those who become self-employed and those ending up in paid employment.

Language: Englisch

Bibliographic citation: Series: IZA Discussion Papers ; No. 6157

Classification: Wirtschaft
Labor Demand
Human Capital; Skills; Occupational Choice; Labor Productivity

Subject: entrepreneurship
self-employed
Germany
Selbstständige
Unternehmer
Entrepreneurship-Ansatz
Anforderungsprofil
Deutschland

Event: Geistige Schöpfung

(who): Lechmann, Daniel S. J.
Schnabel, Claus

Event: Veröffentlichung

(who): Institute for the Study of Labor (IZA)

(where): Bonn

(when): 2011

Handle: http://hdl.handle.net/10419/58777

URN: urn:nbn:de:101:1-2012010913777

Last update: 10.03.2025, 11:43 AM CET

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Object type

Arbeitspapier

Associated

Lechmann, Daniel S. J.
Schnabel, Claus
Institute for the Study of Labor (IZA)

Time of origin

2011

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