Croson, David C.; Minniti, Maria - In: Journal of Economic Psychology 33 (2012) 2, pp. 355-365
This paper models the tradeoff between increased autonomy from self-employment and the generally higher income that …-based preference for self-employment. We propose such a formulation as a theoretically-defensible alternative to the classic (and also … psychologically-based) overconfidence hypothesis in explaining why self-employment is chosen despite evidence that newly self …