Risk, Balanced Skills and Entrepreneurship

Chihmao Hsieh, Simon Parker () and Mirjam Praag
Additional contact information
Chihmao Hsieh: University of Amsterdam

No 11-178/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper proposes that risk aversion encourages individuals to invest in balancedskill profiles, making them more likely to become entrepreneurs. By not havingtaken this possible linkage into account, previous research has underestimated the impactsboth of risk aversion and balanced skills on the likelihood individuals chooseentrepreneurship. Data on Dutch university graduates provides evidence which supportsthis contention. It thereby raises the possibility that even risk-averse peoplemight be suited to entrepreneurship; and it may also help explain why prior researchhas generated mixed evidence about the effects of risk aversion on selection into entrepreneurship.

Keywords: entrepreneurship; jack-of-all-trades; risk; human capital; occupational choice (search for similar items in EconPapers)
JEL-codes: D81 J24 L26 M13 (search for similar items in EconPapers)
Date: 2011-12-19
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://papers.tinbergen.nl/11178.pdf (application/pdf)

Related works:
Journal Article: Risk, balanced skills and entrepreneurship (2017)
Working Paper: Risk, Balanced Skills and Entrepreneurship (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20110178

Access Statistics for this paper

More papers in Tinbergen Institute Discussion Papers from Tinbergen Institute Contact information at EDIRC.
Bibliographic data for series maintained by Tinbergen Office +31 (0)10-4088900 ().