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On the Origins of Entrepreneurship: Evidence from Sibling Correlations

Publikation: Forskning - peer reviewKonferencebidrag i proceedings

DOI

The success of policies promoting entrepreneurship rests partly on the assumption that entrepreneurial outcomes are not fully determined at a young age by factors unrelated to current policy. We test this assumption and assess the importance of family and community background by estimating sibling correlations in entrepreneurship. We find that between 20 and 50 percent of the variance in entrepreneurial outcomes is explained by factors that siblings share: hence, entrepreneurship is far less than fully determined at a young age. The estimates increase little when allowing for differential treatment within families by gender and birth order. We then investigate mechanisms explaining sibling similarity: parental entrepreneurship plays a large role, as do shared genes; neighborhood effects matter, but are rather small, while sibling peer effects and parental income and education matter even less. An implication is that there is ample room for policy and education to develop more and better entrepreneurship.

Publikationsoplysninger

OriginalsprogEngelsk
TitelProceedings of the Seventy-seven Annual Meeting of the Academy of Management
RedaktørerGuclu Atinc
Antal sider6
Udgivelses stedBriar Cliff Manor, NY
UdgiverAcademy of Management
Publikationsdato2017
Artikelnummer11536
DOI
StatusUdgivet - 2017
BegivenhedThe Academy of Management Annual Meeting 2017 - Atlanta, USA

Konference

KonferenceThe Academy of Management Annual Meeting 2017
Nummer77
LandUSA
ByAtlanta
Periode04/08/201708/08/2017
Internetadresse
SerieAcademy of Management Proceedings
ISSN2151-6561

Bibliografisk note

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    Emneord

  • Entrepreneurship, Intergenerational persistence, Occupational choice

ID: 47275107