Intelligence, Self-confidence and Entrepreneurship

Andrea Asoni

No 887, Working Paper Series from Research Institute of Industrial Economics

Abstract: I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and self-confidence affect business ownership through two different channels: intelligence increases business survival while self-confidence increases business creation. Finally, once we control for intelligence and self-confidence the effect of formal college education almost completely vanishes. These results are robust to controlling for selection into entrepreneurship and selection into college.

Keywords: Entrepreneurship; College Education; Intelligence; Self-confidence (search for similar items in EconPapers)
JEL-codes: C41 J24 L26 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011-10-24
New Economics Papers: this item is included in nep-ent, nep-hrm, nep-lab and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:iuiwop:0887

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