Entrepreneurship and Job-relatedness of Human Capital

Atsushi Ohyama

Economica, 2015, vol. 82, issue 328, 740-768

Abstract: type="main" xml:id="ecca12144-abs-0001">

This paper proposes a theory according to which entrepreneurial ability to deal with the adoption of new technology is a key determinant of value creation in entrepreneurship. In a single conceptual framework, we demonstrate that a bimodal pattern of entrepreneurial entry emerges: both individuals possessing high job-related human capital and individuals with low job-related human capital enter entrepreneurship. Our empirical analysis, using information from the Scientists and Engineers Statistical Data System, shows that entrepreneurial earnings crucially depend on the level of job-related human capital.

Date: 2015
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