Who Values the Status of the Entrepreneur?
AbstractParker and Van Praag (2009) showed, based on theory, that the group status of the profession 'entrepreneurship' shapes people's occupational preferences and thus their choice behavior. The current study focuses on the determinants and consequences of the group status of a profession, entrepreneurship in particular. If the group status of entrepreneurship is related to individual choice behavior, it is policy relevant to better understand this relationship and the determinants of the status of the entrepreneur. For reasons outlined in the introduction, this study focuses on (800) students in the Netherlands. We find that the status of occupations is mostly determined by the required level of education, the income level to be expected and respect. Furthermore, our results imply that entrepreneurship is associated with hard work, high incomes, but little power and education. Moreover, we find evidence that individual characteristics, such as entrepreneurship experience, vary systematically with the perceived status of occupations, thereby contributing ammunition to a fundamental discussion in the literature. Finally, we find a strong association between the perceived status of the entrepreneur and the estimated likelihood and willingness to become an entrepreneur.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4245.
Length: 20 pages
Date of creation: Jun 2009
Date of revision:
Publication status: forthcoming in: Handbook of Research on Innovation And Entrepreneurship, Edward Elgar Publishers, 2011
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Other versions of this item:
- C. Mirjam van Praag,, 2009. "Who values the Status of the Entrepreneur?," Tinbergen Institute Discussion Papers 09-056/3, Tinbergen Institute.
- Mirjam van Praag, 2009. "Who values the status of the entrepreneur?," Jena Economic Research Papers 2009-045, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
- 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
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- M59 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-ENT-2009-07-11 (Entrepreneurship)
- NEP-SBM-2009-07-11 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andrew E. Clark & Nicolai Kristensen & Niels Westergård-Nielsen, 2007.
"Job satisfaction and co-worker wages: Status or signal?,"
PSE Working Papers
- AndrewE. Clark & Nicolai Kristensen & Niels Westergård-Nielsen, 2009. "Job Satisfaction and Co-worker Wages: Status or Signal?," Economic Journal, Royal Economic Society, vol. 119(536), pages 430-447, 03.
- Clark, Andrew E. & Kristensen, Nicolai & Westergård-Nielsen, Niels C., 2007. "Job Satisfaction and Co-worker Wages: Status or Signal?," IZA Discussion Papers 3073, Institute for the Study of Labor (IZA).
- Cramer, J. S. & Hartog, J. & Jonker, N. & Van Praag, C. M., 2002. "Low risk aversion encourages the choice for entrepreneurship: an empirical test of a truism," Journal of Economic Behavior & Organization, Elsevier, vol. 48(1), pages 29-36, May.
- Ederer, Florian & Patacconi, Andrea, 2010.
"Interpersonal comparison, status and ambition in organizations,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 75(2), pages 348-363, August.
- Andrea Patacconi & Florian Ederer, 2005. "Interpersonal Comparison, Status and Ambition in Organisations," Economics Series Working Papers 222, University of Oxford, Department of Economics.
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