Intelligence, Self-Confidence and Entrepreneurship

32 Pages Posted: 3 May 2012

Date Written: October 22, 2011

Abstract

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

Keywords: Entrepreneurship, College Education, Intelligence, Self-con dence

JEL Classification: C41, J24, L26

Suggested Citation

Asoni, Andrea, Intelligence, Self-Confidence and Entrepreneurship (October 22, 2011). IFN Working Paper No. 887, Available at SSRN: https://ssrn.com/abstract=2050371 or http://dx.doi.org/10.2139/ssrn.2050371

Andrea Asoni (Contact Author)

Charles River Associates ( email )

United States

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