Schumpeterian Entrepreneurship

40 Pages Posted: 26 Feb 2009

See all articles by Serguey Braguinsky

Serguey Braguinsky

Carnegie Mellon University - Department of Social and Decision Sciences

Steven Klepper

Carnegie Mellon University - David A. Tepper School of Business

Atsushi Ohyama

Hokkaido University - Graduate School of Economics & Business Administration

Date Written: February 19, 2009

Abstract

Based on recent findings concerning the best performing start-ups, we develop a model of Schumpeterian entrepreneurship in which founders exploit ideas they learned through their employment. The model yields distinctive implications about how labor market experience and earnings at work influence the probability of a worker becoming an entrepreneur, earnings as an entrepreneur relative to paid work, and persistence in entrepreneurship. These implications are tested using data on the earnings of scientists and engineers, which are common founders of high growth start-ups. The sample is pared down to those that worked in and founded businesses related to their education in order to isolate the best candidates for Schumpeterian entrepreneurship.

Keywords: entrepreneurship, scientists and engineers, earnings differentials, self employment

JEL Classification: M13, J31

Suggested Citation

Braguinsky, Serguey and Klepper, Steven and Ohyama, Atsushi, Schumpeterian Entrepreneurship (February 19, 2009). Atlanta Competitive Advantage Conference Paper. Available at SSRN: https://ssrn.com/abstract=1347063 or http://dx.doi.org/10.2139/ssrn.1347063

Serguey Braguinsky

Carnegie Mellon University - Department of Social and Decision Sciences ( email )

Pittsburgh, PA 15213-3890
United States

Steven Klepper

Carnegie Mellon University - David A. Tepper School of Business ( email )

5000 Forbes Avenue
Pittsburgh, PA 15213-3890
United States
412-268-3235 (Phone)
412-268-6938 (Fax)

Atsushi Ohyama (Contact Author)

Hokkaido University - Graduate School of Economics & Business Administration ( email )

Kita-ku Kita 9 Nishi 7
Sapporo, Hokkaido, 060
Japan

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