Compulsory Education and Jack-of-all-trades Entrepreneurs
AbstractCan educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and educational institutions. Institutions, in turn, differ with respect to mandatory time in school and the scope of the curriculum. Implications of the theory are tested using Swedish data for a school reform. Empirical results support the main theoretical predictions.
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Bibliographic InfoPaper provided by Research Institute of Industrial Economics in its series Working Paper Series with number 797.
Length: 34 pages
Date of creation: 01 Jun 2009
Date of revision:
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Postal: Research Institute of Industrial Economics, Box 55665, SE-102 15 Stockholm, Sweden
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More information through EDIRC
Human Capital; Occupational Choice; Entrepreneurship; Education Institutions;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-10 (All new papers)
- NEP-EDU-2009-06-10 (Education)
- NEP-ENT-2009-06-10 (Entrepreneurship)
- NEP-HRM-2009-06-10 (Human Capital & Human Resource Management)
- NEP-LAB-2009-06-10 (Labour Economics)
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