Risk, Balanced Skills and Entrepreneurship

This paper proposes that risk aversion encourages individuals to invest in balanced skillprofiles, making them more likely to become entrepreneurs. By not having taken this possiblelinkage into account, previous research has underestimated the impacts both of risk aversionand balanced skills on the likelihood individuals choose entrepreneurship. Data on Dutchuniversity graduates provides evidence which supports this contention. It thereby raises thepossibility that even risk-averse people might be suited to entrepreneurship; and it may alsohelp explain why prior research has generated mixed evidence about the effects of riskaversion on selection into entrepreneurship....

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Year of publication:	2011-12-01
Authors:	Hsieh, Chihmao ; Parker, Simon C. ; Praag, Mirjam van
Institutions:	Forschungsinstitut zur Zukunft der Arbeit <Bonn>
Subject:	Humankapital \| Berufswahl

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Extent:	347136 bytes 29 p. application/pdf
Series:	Universität Bonn - Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA) - Discussion Papers in 2011 IZA Discussion Paper ; 6200 (2011)
Type of publication:	Book / Working Paper
Language:	English
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; L26 - Entrepreneurship ; M13 - Entrepreneurship ; Management and organisation. Other aspects ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)