This paper extends the (Lucas, Bell J Econ 9:508-523,1978) model of occupational choices by individuals with different skills, beyond the simple options of self-employment or wage-employment, by including a second choice for the self-employed. That is, an option to hire employees and so become...

This study utilizes a human capital framework to explore whether business ownership experience is associated with the number of business opportunities identified, the number of identified opportunities that are pursued, and the nature of those opportunities...

This study tests the role of human capital in the identification and pursuit of opportunities in terms of general human capital (education, age and gender) and specific human capital (i.e., managerial capabilities, opportunity identification capabilities, technical capabilities, business...