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来源类型Working Paper
规范类型报告
DOI10.3386/w25006
来源IDWorking Paper 25006
The Right Stuff? Personality and Entrepreneurship
Barton H. Hamilton; Nicholas W. Papageorge; Nidhi Pande
发表日期2018-09-10
出版年2018
语种英语
摘要We construct a structural model of entry into self-employment to evaluate the impact of policies supporting entrepreneurship. Previous work has recognized that workers may opt for self-employment due to the non-pecuniary benefits of running a business and not necessarily because they are good at it. Other literature has examined how socio-emotional skills, such as personality traits, affect selection into self-employment. We link these two lines of inquiry. The model we estimate captures three factors that affect selection into self-employment: credit constraints, relative earnings and preferences. We incorporate personality traits by allowing them to affect sector-specific earnings as well as preferences. The estimated model reveals that the personality traits that make entrepreneurship profitable are not always the same traits driving people to open a business. This has important consequences for entrepreneurship policies. For example, subsidies for small businesses do not attract talented-but-reluctant entrepreneurs, but instead attract individuals with personality traits associated with strong preferences for running a business and low-quality business ideas.
主题Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w25006
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582680
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GB/T 7714
Barton H. Hamilton,Nicholas W. Papageorge,Nidhi Pande. The Right Stuff? Personality and Entrepreneurship. 2018.
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