The Jack-of-All-Trades Entrepreneur: Innate Talent or Acquired Skill?
Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual unobservable characteristics which may simultaneously determine skill accumulation and occupational choice. Using panel techniques to control for this, I show that gathering expertise across various subjects does not increase the chances of becoming entrepreneur.
|Date of creation:||Aug 2006|
|Date of revision:|
|Publication status:||published in: Economics Letters, 2007, 97 (2), 118-123|
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- Edward P. Lazear, 2005.
Journal of Labor Economics,
University of Chicago Press, vol. 23(4), pages 649-680, October.
- William J. Baumol, 2004. "Education for Innovation: Entrepreneurial Breakthroughs vs. Corporate Incremental Improvements," NBER Working Papers 10578, National Bureau of Economic Research, Inc.
- Wagner, Joachim, 2004. "Nascent Entrepreneurs," IZA Discussion Papers 1293, Institute for the Study of Labor (IZA).
- 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).
- Edward P. Lazear, 2004. "Balanced Skills and Entrepreneurship," American Economic Review, American Economic Association, vol. 94(2), pages 208-211, May.
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