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  • Abstract: In a recent paper Edward Lazear proposed the jack-of-all-trades view of entrepreneurship. Based on a coherent model of the choice between self-employment and paid employment he shows that having a background in a large number of different roles increases the probability of becoming an entrepreneur. The intuition behind this proposition is that entrepreneurs must have sufficient knowledge in a variety of areas to put together the many ingredients needed for survival and success in a business, while for paid employees it suffices and pays to be a specialist in the field demanded by the job taken. This paper contributes to the entrepreneurship literature by empirically testing Lazear's hypothesis using a large recent representative sample of the German population. The empirical estimation takes the rare events nature of becoming a nascent entrepreneur and the regional stratification of the sample into account. The results illustrate the statistical significance and economic importance of the jack-of-all-trades theory. (xsd:string)
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?:dateModified
  • 2006 (xsd:gyear)
?:datePublished
  • 2006 (xsd:gyear)
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  • 10.1080/00036840500427783 ()
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  • en (xsd:string)
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  • 20 (xsd:string)
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  • Are Nascent Entrepreneurs Jacks-of-all-trades? A Test of Lazear's Theory of Entrepreneurship with German Data* (xsd:string)
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  • Zeitschriftenartikel (xsd:string)
  • journal_article (en)
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  • GESIS-SSOAR (xsd:string)
  • In: Applied Economics, 38, 2006, 20, 2415-2419 (xsd:string)
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?:urn
  • urn:nbn:de:0168-ssoar-239384 ()
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  • 38 (xsd:string)