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Entrepreneurship: Can the Jack-of-All-Trades Attitude be Aquired?

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  • Olmo Silva
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    Abstract

    Entrepreneurs are believed to be the ultimate engine of modern economic systems. Yet, the study ofentrepreneurship suffers from the lack of consensus on the most crucial question: what makes anentrepreneur? A recent theory developed by Edward Lazear suggests that individuals mastering abalanced set of talents across different fields, i.e. the Jacks-of-All-Trades (JATs), have a highprobability of becoming entrepreneurs. In this paper, I investigate whether the JAT Attitude is just aninnate ability or a skill that can be trained to enhance individuals' chances of becoming entrepreneurs.Using panel techniques, I show that changes in the spread of knowledge across different fields do notincrease the probability of becoming an entrepreneur. This suggests that, if the JAT Attitude mattersfor entrepreneurship, it is an innate and time-invariant individual attribute, rather than a skill that canbe acquired.

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    Bibliographic Info

    Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp0665.

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    Date of creation: Dec 2004
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    Handle: RePEc:cep:cepdps:dp0665

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    Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP

    Related research

    Keywords: Entrepreneurship; Occupational Choice; Skills;

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    1. James Banks & R Disney & Alan Duncan & John Van Reenen, 2004. "The Internationalisation of Public Welfare Policy," CEP Discussion Papers dp0656, Centre for Economic Performance, LSE.
    2. Stephen Machin & Olivier Marie, 2004. "Crime and Benefit Sanctions," CEP Discussion Papers dp0645, Centre for Economic Performance, LSE.
    3. Griffith, Rachel & Redding, Stephen J & Simpson, Helen, 2004. "Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab," CEPR Discussion Papers 4691, C.E.P.R. Discussion Papers.
    4. John Van Reenen & Rupert Harrison & Rachel Griffith, 2006. "How Special Is the Special Relationship? Using the Impact of U.S. R&D Spillovers on U.K. Firms as a Test of Technology Sourcing," American Economic Review, American Economic Association, vol. 96(5), pages 1859-1875, December.
    5. Anthony J. Venables, 2004. "Evaluating Urban Transport Improvements: Cost Benefit Analysis in the Presence of Agglomeration and Income Taxation," CEP Discussion Papers dp0651, Centre for Economic Performance, LSE.
    6. Alex Bryson & Lorenzo Cappellari & Claudio Lucifora, 2004. "Do job security guarantees work?," LSE Research Online Documents on Economics 19929, London School of Economics and Political Science, LSE Library.
    7. Ralf Martin, 2004. "Globalisation, ICT and the Nitty Gritty of Plant Level Datasets," CEP Discussion Papers dp0653, Centre for Economic Performance, LSE.
    8. Chris Crowe, 2004. "Inflation, Inequality and Social Conflict," Money Macro and Finance (MMF) Research Group Conference 2004 69, Money Macro and Finance Research Group.
    9. Christopher A. Pissarides & Giovanna Vallanti, 2004. "Productivity Growth and Employment: Theory and Panel Estimates," CEP Discussion Papers dp0663, Centre for Economic Performance, LSE.
    10. Eran Yashiv, 2004. "The Self Selection of Migrant Workers Revisited," CEP Discussion Papers dp0655, Centre for Economic Performance, LSE.
    11. John Van Reenen, 2004. "Is there a market for work group servers? Evaluating market level demand elasticities using micro and macro models," LSE Research Online Documents on Economics 773, London School of Economics and Political Science, LSE Library.
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