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Intelligence, Self-confidence and Entrepreneurship

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  • Asoni, Andrea

    (Research Institute of Industrial Economics (IFN))

Abstract

I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth - 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and self-confidence affect business ownership through two different channels: intelligence increases business survival while self-confidence increases business creation. Finally, once we control for intelligence and self-confidence the effect of formal college education almost completely vanishes. These results are robust to controlling for selection into entrepreneurship and selection into college.

Suggested Citation

  • Asoni, Andrea, 2011. "Intelligence, Self-confidence and Entrepreneurship," Working Paper Series 887, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0887
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    References listed on IDEAS

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    Cited by:

    1. Syed Zaheer Abbas Kazmi & Samiuddin Khan & Andras Nabradi, 2017. "What Differentiates The Entrepreneurs From Non-Entrepreneurs On Nature And Nurture?," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 11(3-4), December.

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    More about this item

    Keywords

    Entrepreneurship; College Education; Intelligence; Self-confidence;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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