Entrepreneurship: Origins and returns

Helge Berglann, Espen Moen (), Knut Røed () and Jens Fredrik Skogstrøm

Labour Economics, 2011, vol. 18, issue 2, 180-193

Abstract: We examine the origins and outcome of entrepreneurship on the basis of exceptionally comprehensive Norwegian matched worker-firm-owner data. In contrast to most existing studies, our notion of entrepreneurship not only comprises self-employment, but also employment in partly self-owned limited liability companies. Based on this extended entrepreneurship concept, we find that entrepreneurship tends to be profitable. It also raises income variability, but the most successful quartile gains much more than the least successful quartile loses. Key determinants of the decision to become an entrepreneur are occupational qualifications, family resources, gender, and work environments. Individual unemployment encourages, while aggregate unemployment discourages, entrepreneurship.

Keywords: Entrepreneurship; Self-employment; Spin-offs (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (83)

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Related works:
Working Paper: Entrepreneurship: Origins and Returns (2009)
Working Paper: Entrepreneurship: Origins and Returns (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:18:y:2011:i:2:p:180-193

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