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In the name of my parents: Entrepreneurship and the intergenerational transmission of values

  • Michael Wyrwich

    ()

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

Mounting empirical evidence shows that kids of self-employed parents are very likely to become entrepreneurs themselves. These findings are often attributed to the intergenerational transmission of parental norms and values. However, many papers in the field are not that explicit about parental values. Furthermore, nearly all studies neglect potential heterogeneity of entrepreneurial parents and their values. I argue that values of entrepreneurial parents can be quite different due to context factors like their motivation for being self-employed (e.g., necessity- vs. opportunity driven). I also think that direct information on values should be exploited to understand their intergenerational transmission. To this end, I fill research gaps and contribute to the literature by making use of a natural experiment. This allows identify- ing a group of entrepreneurial parents with a distinct value orientation and detecting a trans- mission of these parental values.

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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 2013-031.

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Date of creation: 20 Aug 2013
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Handle: RePEc:jrp:jrpwrp:2013-031
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  11. Alberto Alesina & Nicola Fuchs-Schundeln, 2005. "Good bye Lenin (or not?): The effect of Communism on people's preferences," Harvard Institute of Economic Research Working Papers 2076, Harvard - Institute of Economic Research.
  12. Nicos Nicolaou & Scott Shane & Lynn Cherkas & Janice Hunkin & Tim D. Spector, 2008. "Is the Tendency to Engage in Entrepreneurship Genetic?," Management Science, INFORMS, vol. 54(1), pages 167-179, January.
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  17. Hyytinen, Ari & Ilmakunnas, Pekka & Toivanen, Otto, 2013. "The return-to-entrepreneurship puzzle," Labour Economics, Elsevier, vol. 20(C), pages 57-67.
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  20. Michael Wyrwich, 2010. "Regional Entrepreneurial Heritage in a Socialist and a Post-Socialist Economy," DRUID Working Papers 10-20, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  21. Nicolaou, Nicos & Shane, Scott, 2010. "Entrepreneurship and occupational choice: Genetic and environmental influences," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 3-14, October.
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