Among typical entrepreneurs, is the serial entrepreneur more likely to succeed? If so, why? We answer these two questions using a comprehensive and unique data set on all establishments started at any time between 1990 and 2011 to sell taxable goods and services in the state of Texas. An...

Serial entrepreneurs, who open more than one business, are found to have higher sales and higher productivity than novice entrepreneurs, who open one business. Using panel data on entrepreneurs and their firms from Denmark for 2001-2013, the serial entrepreneur has 67% higher sales than the...

A theory is proposed that individuals with a'balanced' set of skills are more likely to become entrepreneurs thanindividuals with specializations. A model of occupational choice whichsupports this theory is presented.The model also predicts that the uppertail of the income distribution is fatter...