Are nascent entrepreneurs jacks-of-all-trades? a test of Lazear's theory of entrepreneurship with German data

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Standard

Are nascent entrepreneurs jacks-of-all-trades? a test of Lazear's theory of entrepreneurship with German data. / Wagner, Joachim.
Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg, 2003. (Arbeitsbericht; Nr. 295).

Publikation: Arbeits- oder Diskussionspapiere und BerichteArbeits- oder Diskussionspapiere

Harvard

Wagner, J 2003 'Are nascent entrepreneurs jacks-of-all-trades? a test of Lazear's theory of entrepreneurship with German data' Arbeitsbericht, Nr. 295, Institut für Volkswirtschaftslehre der Universität Lüneburg, Lüneburg.

APA

Wagner, J. (2003). Are nascent entrepreneurs jacks-of-all-trades? a test of Lazear's theory of entrepreneurship with German data. (Arbeitsbericht; Nr. 295). Institut für Volkswirtschaftslehre der Universität Lüneburg.

Vancouver

Wagner J. Are nascent entrepreneurs jacks-of-all-trades? a test of Lazear's theory of entrepreneurship with German data. Lüneburg: Institut für Volkswirtschaftslehre der Universität Lüneburg. 2003. (Arbeitsbericht; 295).

Bibtex

@techreport{1c8b8bb054a840c9872ad4b9718adfcc,
title = "Are nascent entrepreneurs jacks-of-all-trades?: a test of Lazear's theory of entrepreneurship with German data",
abstract = "In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-emlployment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an entrepreneur. The intuition behind this proposition is that entrepreneurs must have sufficient knowledge in a variety of areas to put together the many ingredients needed for survival and success in a business, while for paid employees it suffices and pays to be a specialist in the field demanded by the job taken. This study contributes to the entrepreneurship literature by empirically testing Lazear's hypothesis using a large recent representative sample of the German population. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. The results illustrate the statistical significance and economic importance of the 'jack-of-all-trades' theory.",
keywords = "Economics, Unternehmensgr{\"u}ndung , rare events logit, Germany, jack-of-all-trades theory, entrepreneurship",
author = "Joachim Wagner",
year = "2003",
language = "English",
series = "Arbeitsbericht",
publisher = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",
number = "295",
type = "WorkingPaper",
institution = "Institut f{\"u}r Volkswirtschaftslehre der Universit{\"a}t L{\"u}neburg",

}

RIS

TY - UNPB

T1 - Are nascent entrepreneurs jacks-of-all-trades?

T2 - a test of Lazear's theory of entrepreneurship with German data

AU - Wagner, Joachim

PY - 2003

Y1 - 2003

N2 - In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-emlployment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an entrepreneur. The intuition behind this proposition is that entrepreneurs must have sufficient knowledge in a variety of areas to put together the many ingredients needed for survival and success in a business, while for paid employees it suffices and pays to be a specialist in the field demanded by the job taken. This study contributes to the entrepreneurship literature by empirically testing Lazear's hypothesis using a large recent representative sample of the German population. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. The results illustrate the statistical significance and economic importance of the 'jack-of-all-trades' theory.

AB - In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-emlployment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an entrepreneur. The intuition behind this proposition is that entrepreneurs must have sufficient knowledge in a variety of areas to put together the many ingredients needed for survival and success in a business, while for paid employees it suffices and pays to be a specialist in the field demanded by the job taken. This study contributes to the entrepreneurship literature by empirically testing Lazear's hypothesis using a large recent representative sample of the German population. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. The results illustrate the statistical significance and economic importance of the 'jack-of-all-trades' theory.

KW - Economics

KW - Unternehmensgründung

KW - rare events logit

KW - Germany

KW - jack-of-all-trades theory

KW - entrepreneurship

M3 - Working papers

T3 - Arbeitsbericht

BT - Are nascent entrepreneurs jacks-of-all-trades?

PB - Institut für Volkswirtschaftslehre der Universität Lüneburg

CY - Lüneburg

ER -

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