Where do entrepreneurial skills come from?
Applying Lazear’s jack-of-all-trades theory we investigate the formation of entrepreneurial skills in two datasets on innovative new firms. Our results suggest that traditional human capital indicators individually have little or no influence on entrepreneurial skills. However, consistent with Lazaer’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.
|Date of creation:||2013|
|Date of revision:|
|Publication status:||Published in Applied Economics Letters 12.20(2013): pp. 1183-1186|
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Web page: http://mpra.ub.uni-muenchen.de
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- Michael Stuetzer & Martin Obschonka & Eva Schmitt-Rodermund, 2013.
"Balanced skills among nascent entrepreneurs,"
Small Business Economics,
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IZA Discussion Papers
592, 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.
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