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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20147| Title: | Are Nascent Entrepreneurs Jacks-of-All-Trades? A Test of Lazear's Theory of Entrepreneurship with German Data |
| Keywords: | R12 J23 ddc:330 entrepreneurship jack-of-all-trades theory rare events logit Germany Unternehmer Selbständige Persönlichkeitspsychologie Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-employment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an entrepreneur. The intuition behind this proposition is that entrepreneurs must have sufficient knowledge in a variety of areas to put together the many ingredients needed for survival and success in a business, while for paid employees it suffices and pays to be a specialist in the field demanded by the job taken. This paper contributes to the entrepreneurship literature by empirically testing Lazear's hypothesis using a large recent representative sample of the German population. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. The results illustrate the statistical significance and economic importance of the jack-of-all-trades theory. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20147 |
| Other Identifiers: | http://hdl.handle.net/10419/20147 ppn:372808107 |
| Appears in Collections: | EconStor |
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