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Are Nascent Entrepreneurs Jacks-of-All-Trades? A Test of Lazear's Theory of Entrepreneurship with German Data

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dc.creator Wagner, Joachim
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:58Z
dc.date.available 2013-10-16T07:08:58Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20147
dc.identifier ppn:372808107
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20147
dc.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.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 911
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject R12
dc.subject J23
dc.subject ddc:330
dc.subject entrepreneurship
dc.subject jack-of-all-trades theory
dc.subject rare events logit
dc.subject Germany
dc.subject Unternehmer
dc.subject Selbständige
dc.subject Persönlichkeitspsychologie
dc.subject Schätzung
dc.subject Deutschland
dc.title Are Nascent Entrepreneurs Jacks-of-All-Trades? A Test of Lazear's Theory of Entrepreneurship with German Data
dc.type doc-type:workingPaper


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