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Entrepreneurship and Creative Professions - A Micro-Level Analysis

  • Michael Fritsch

    ()

    (School of Economics and Business Administration, Friedrich-Schiller-University Jena)

  • Alina Sorgner

    ()

    (School of Economics and Business Administration, Friedrich-Schiller-University Jena)

It has widely been recognized that creativity plays an immense role not only for arts, sciences, and technology, but also for entrepreneurship, innovation, and thus, economic growth. We analyze the level and the determinants of self-employment in creative professions at the level of individuals. The analysis is based on the representative micro data of the German Socio-Economic Panel (SOEP). The findings suggest that people in creative professions appear more likely to be self-employed and that a high regional share of people in the creative class increases an individual's likelihood of being an entrepreneur. Investigating the determinants of entrepreneurship within the creative class as compared to non-creative professions reveals only some few differences.

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Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2013-005.

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Date of creation: 10 Jan 2013
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Handle: RePEc:jrp:jrpwrp:2013-005
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  1. Michael Fritsch & Oliver Falck, 2007. "New Business Formation by Industry over Space and Time: A Multidimensional Analysis," Regional Studies, Taylor & Francis Journals, vol. 41(2), pages 157-172.
  2. Oliver Falck & Michael Fritsch & Stephan Heblich, 2010. "The Phantom of the Opera: Cultural Amenities, Human Capital, and Regional Economic Growth," Ifo Working Paper Series Ifo Working Paper Nr. 88, Ifo Institute for Economic Research at the University of Munich.
  3. Francesco Sacchetti & Silvia Sacchetti & Roger Sugden, 2009. "Creativity and socio-economic development: space for the interests of publics," International Review of Applied Economics, Taylor & Francis Journals, vol. 23(6), pages 653-672.
  4. Michael Fritsch & Alexander Kritikos & Alina Rusakova, 2012. "Who Starts a Business and who is Self-Employed in Germany," Jena Economic Research Papers 2012-001, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  5. N.S. Bosma & J. Hessels & V. Schutjens & M. Van Praag & I. Verheul, 2012. "Entrepreneurship and role models," Working Papers 33-2, Utrecht School of Economics.
  6. Ekelund, Jesper & Johansson, Edvard & Jarvelin, Marjo-Riitta & Lichtermann, Dirk, 2005. "Self-employment and risk aversion--evidence from psychological test data," Labour Economics, Elsevier, vol. 12(5), pages 649-659, October.
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  8. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde & Jürgen Schupp & Gert G. Wagner, 2011. "Individual Risk Attitudes: Measurement, Determinants, And Behavioral Consequences," Journal of the European Economic Association, European Economic Association, vol. 9(3), pages 522-550, 06.
  9. Solow, Robert M., 1987. "Growth Theory and After," Nobel Prize in Economics documents 1987-1, Nobel Prize Committee.
  10. Joern Block & Philipp Koellinger, 2009. "I Can't Get No Satisfaction-Necessity Entrepreneurship and Procedural Utility," Kyklos, Wiley Blackwell, vol. 62(2), pages 191-209, 04.
  11. Marco Caliendo & Frank Fossen & Alexander Kritikos, 2009. "Risk attitudes of nascent entrepreneurs–new evidence from an experimentally validated survey," Small Business Economics, Springer, vol. 32(2), pages 153-167, February.
  12. Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007. "The German Socio-Economic Panel Study (SOEP): Scope, Evolution and Enhancements," SOEPpapers on Multidisciplinary Panel Data Research 1, DIW Berlin, The German Socio-Economic Panel (SOEP).
  13. Alina Sorgner & Michael Fritsch, 2013. "Occupational Choice and Self-Employment: Are They Related?," SOEPpapers on Multidisciplinary Panel Data Research 533, DIW Berlin, The German Socio-Economic Panel (SOEP).
  14. Kihlstrom, Richard E & Laffont, Jean-Jacques, 1979. "A General Equilibrium Entrepreneurial Theory of Firm Formation Based on Risk Aversion," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 719-48, August.
  15. Gittleman, Maury B & Wolff, Edward N, 1995. "R&D Activity and Cross-Country Growth Comparisons," Cambridge Journal of Economics, Oxford University Press, vol. 19(1), pages 189-207, February.
  16. repec:dgr:uvatin:20090088 is not listed on IDEAS
  17. repec:dgr:uvatin:20110061 is not listed on IDEAS
  18. Alina Sorgner, 2012. "A Physician With A Soul Of A Cook? Entrepreneurial Personality Across Occupations," Jena Economic Research Papers 2012-063, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  19. Brandstatter, Hermann, 1997. "Becoming an entrepreneur -- A question of personality structure?," Journal of Economic Psychology, Elsevier, vol. 18(2-3), pages 157-177, April.
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