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The Impact of Soft-Skills Training for Entrepreneurs in Jamaica

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Listed:
  • Ubfal, Diego
  • Arráiz, Irani
  • Beuermann, Diether
  • Frese, Michael
  • Maffioli, Alessandro
  • Verch, Daniel

Abstract

A randomized controlled trial with 945 entrepreneurs in Jamaica shows positive short-term impacts of soft-skills training on business outcomes. The effects are concentrated among men and disappear 12 months after the training. The main channel is increased adoption of recommended business practices, exclusively observed in the short run. Persistent effects were observed on an incentivized behavioral measure of perseverance after setbacks, a focus of this training. An intensive course on soft-skills was compared to one that combines soft-skills with traditional business training. The effects of the combined training are never statistically significant.

Suggested Citation

  • Ubfal, Diego & Arráiz, Irani & Beuermann, Diether & Frese, Michael & Maffioli, Alessandro & Verch, Daniel, 2020. "The Impact of Soft-Skills Training for Entrepreneurs in Jamaica," IDB Publications (Working Papers) 10399, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:10399
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    Cited by:

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    3. Araya, Federico & Le Barbanchon, Thomas & Ubfal, Diego, 2019. "The Effects of Working while in School: Evidence from Uruguayan Lotteries," CEPR Discussion Papers 13826, C.E.P.R. Discussion Papers.

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    More about this item

    Keywords

    soft skills; entrepreneurship; business training;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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