Where do entrepreneurial skills come from?
Applying Lazear's jack-of-all-trades theory, we investigate the formation of entrepreneurial skills in two data sets on innovative new firms. Our results suggest that traditional human capital indicators individually have little or no influence on entrepreneurial skills. However, consistent with Lazear's theory, those entrepreneurs who exhibit a varied set of work experience have higher entrepreneurial skills relevant for starting and growing a firm. This supports the notion that a varied set of work experiences rather than depth of any particular type of experience or education is important for the development of entrepreneurial skills.
Volume (Year): 20 (2013)
Issue (Month): 12 (August)
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References listed on IDEAS
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- Stuetzer, Michael & Obschonka, Martin & Schmitt-Rodermund, Eva, 2012.
"Balanced skills among nascent entrepreneurs,"
37524, University Library of Munich, Germany.
- Michael Fritsch & Pamela Mueller, 2004. "Effects of New Business Formation on Regional Development over Time," Regional Studies, Taylor & Francis Journals, vol. 38(8), pages 961-975.
- J. Wagner, 2003.
"Testing Lazear's jack-of-all-trades view of entrepreneurship with German micro data,"
Applied Economics Letters,
Taylor & Francis Journals, vol. 10(11), pages 687-689.
- Wagner, Joachim, 2002. "Testing Lazear’s Jack-of-All-Trades View of Entrepreneurship with German Micro Data," IZA Discussion Papers 592, Institute for the Study of Labor (IZA).
- Unger, Jens M. & Rauch, Andreas & Frese, Michael & Rosenbusch, Nina, 2011. "Human capital and entrepreneurial success: A meta-analytical review," Journal of Business Venturing, Elsevier, vol. 26(3), pages 341-358, May.
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