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Article

What Makes an Entrepreneur?

Citation
Blanchflower D & Oswald AJ (1998) What Makes an Entrepreneur?. Journal of Labor Economics, 16 (1), pp. 26-60. https://doi.org/10.1086/209881

Abstract
This article uses various micro data sets to study entrepreneurship. Consistent with the existence of capital constraints on potential entrepreneurs, the estimates imply that the probability of self‐employment depends positively upon whether the individual ever received an inheritance or gift. When directly questioned in interview surveys, potential entrepreneurs say that raising capital is their principal problem. Consistent with our theoretical model's predictions, the self‐employed report higher levels of job and life satisfaction than employees. Childhood psychological test scores, however, are not strongly correlated with later self‐employment.

Journal
Journal of Labor Economics: Volume 16, Issue 1

StatusPublished
Author(s)Blanchflower, David; Oswald, Andrew J
Publication date31/01/1998
URLhttp://hdl.handle.net/1893/10187
PublisherUniversity of Chicago Press for the National Opinion Research Center (NORC) and the Society of Labor Economists
ISSN0734-306X
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