Stepping forward : personality traits, choice of profession, and the decision to become self-employed

Michael Fritsch; Alina Sorgner

We argue that entrepreneurial choice proceeds in at least in two steps, with vocational choice nearly always preceding choice of employment status, whether that be self-employment or dependent employment. Since the two decisions are interrelated, analysis of entrepreneurial choice as a single act may lead to inconsistent estimates of the factors that determine the decision to launch a business venture. Our empirical analysis utilizes a bivariate probit model that jointly estimates both decisions. The results support our argument that entrepreneurial choice is a two-stage decision process. -- entrepreneurial choice ; personality traits ; vocational choice

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Year of publication:	2013
Authors:	Fritsch, Michael ; Sorgner, Alina
Publisher:	Jena : Univ. [u.a.]
Subject:	Selbstständige \| Self-employed \| Persönlichkeitspsychologie \| Personality psychology \| Persönlichkeitsmerkmal \| Personality trait \| Deutschland \| Germany

Extent:	Online-Ressource graph. Darst.
Series:	Jena economics research papers. - Jena : [Verlag nicht ermittelbar], ISSN 1864-7057, ZDB-ID 2388825-8. - Vol. 2013-004
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/70186 [Handle]
Classification:	L26 - Entrepreneurship ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; D01 - Microeconomic Behavior: Underlying Principles
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009686452