Moonlighting Entrepreneurs

Linus Wilson (linuswilson@louisiana.edu)
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Linus Wilson: University of Louisiana at Lafayette

Economics Bulletin, 2009, vol. 29, issue 3, 1896-1903

Abstract: When ability complements effort, we would expect effort to increase with variables that proxy for ability. For example, we show that the hours worked by entrepreneurs should increase in experience, a proxy for ability. Yet, even if education is positively correlated with entrepreneurial ability, it is shown that the relationship between education and hours worked is ambiguous. This is because education allows small business owners to work outside the venture (moonlight) at higher wages. These predictions are supported by existing empirical work.

Keywords: entrepreneurship; hours worked; moonlighting; opportunity cost; wages (search for similar items in EconPapers)
JEL-codes: J2 L2 (search for similar items in EconPapers)
Date: 2009-08-07
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Citations: View citations in EconPapers (1)

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