| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4157 |
| DP4157 Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice | |
| Mariassunta Giannetti; Andrei Simonov | |
| 发表日期 | 2003-12-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | This Paper investigates whether social norms play an important role in the decision to become an entrepreneur. We study whether the individual decision to become an entrepreneur or entrepreneurial income are affected by the decisions of other individuals living in the same municipality. To overcome the identification problems, we use very detailed Swedish data and exploit the large institutional changes that occurred in Sweden in the 1980s and early 1990s (the dissolution of the centralized wage-setting arrangements and the major tax reform in 1990-91), which create a quasi-natural experiment for analysing entrepreneurial choice. The results show that more individuals become entrepreneurs in municipalities where entrepreneurship is more widespread, even though entrepreneurial profits are lower. This suggests that social norms play an important role in the decision to become an entrepreneur. We also evaluate alternative explanations, such the existence of agglomeration economies, or knowledge spillovers. They do not, however, seem to find support in the data. |
| 主题 | Financial Economics |
| 关键词 | Entrepreneurial choice Social interactions Peer effects Social norms Agglomeration economcs |
| URL | https://cepr.org/publications/dp4157 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533128 |
| 推荐引用方式 GB/T 7714 | Mariassunta Giannetti,Andrei Simonov. DP4157 Does Prestige Matter More than Profits? Evidence from Entrepreneurial Choice. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
