On the Origins of Entrepreneurship

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On the Origins of Entrepreneurship

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dc.contributor.author Lindquist, Matthew
dc.contributor.author Sol, Joeri
dc.contributor.author Praag, Mirjam van
dc.contributor.author Vladasel, Theodor
dc.date.accessioned 2016-12-15T10:27:58Z
dc.date.available 2016-12-15T10:27:58Z
dc.date.issued 2016-12-15
dc.identifier.issn 0265-8003
dc.identifier.uri http://hdl.handle.net/10398/9423
dc.description.abstract Promoting entrepreneurship has become an increasingly important part of the policy agenda in many countries. The success of such policies, however, rests in part on the assumption that entrepreneurship outcomes are not fully determined at a young age by factors that are unrelated to current policy. We test this assumption and assess the importance of family background and neighborhood effects as determinants of entrepreneurship, by estimating sibling correlations in entrepreneurship. We find that between 20 and 50 percent of the variance in different entrepreneurial outcomes is explained by factors that siblings share (i.e., family background and neighborhood effects). The average is 28 percent. Hence, entrepreneurship is far less than fully determined at a young age. Our estimates increase only a little when allowing for differential treatment within families by gender and birth order. We then investigate a comprehensive set of mechanisms that explain sibling similarities. Parental entrepreneurship plays a large role in explaining sibling similarities, as do shared genes. We show that neighborhood effects matter, but are rather small, particularly when compared with the overall importance of family factors. Sibling peer effects, and parental income and education matter even less. en_US
dc.format.extent 53 en_US
dc.language eng en_US
dc.publisher CEPR en_US
dc.relation.ispartofseries CEPR Discussion Paper Series;DP11562
dc.subject.other Entrepreneurship en_US
dc.subject.other Family Background en_US
dc.subject.other Intergenerational Persistence en_US
dc.subject.other Neighborhood Effects en_US
dc.subject.other Occupational Choice en_US
dc.subject.other Sibling Correlations en_US
dc.title On the Origins of Entrepreneurship en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for Innovation og Organisationsøkonomi en_US
dc.contributor.departmentshort INO en_US
dc.contributor.departmentuk Department of Innovation and Organizational Economics en_US
dc.contributor.departmentukshort INO en_US
dc.publisher.city London en_US
dc.publisher.year 2016 en_US
dc.title.subtitle Evidence from Sibling Correlations en_US


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