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- Jena Economic Resea...
- Volume 7
- Stepping Forward: P...
Stepping Forward: Personality Traits, Choice of Profession,
and the Decision to Become Self-Employed
- Abgebildete Person
- Erschienen
- 11. Januar 2013
- Nummer des Discussion-Papers
-
2013-004
- Schlagwort(e)
-
Entrepreneurial choice
personality traits
vocational choice
- Zusammenfsg.
-
We argue that entrepreneurial choice proceeds in at least in two steps, with vocational choice nearly always preceding choice of employment status, whether that be self-employment or dependent employment. Since the two decisions are interrelated, analysis of entrepreneurial choice as a single act may lead to inconsistent estimates of the factors that determine the decision to launch a business venture. Our empirical analysis utilizes a bivariate probit model that jointly estimates both decisions. The results support our argument that entrepreneurial choice is a two-stage decision process.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- JEL-Classification for JER
- L26 - Entrepreneurship ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; D01 - Microeconomic Behavior: Underlying Principles