Entrepreneurial Skills and Wage Employment

UB Economics Working Papers E16/336

30 Pages Posted: 8 Apr 2016

See all articles by Aleksander Kucel

Aleksander Kucel

ESCSET, Universitat Pompeu Fabra

Montserrat Vilalta-Bufí

University of Barcelona - Department of Economics; University of Barcelona - Center for Research in Welfare Economics

Date Written: March 14, 2016

Abstract

Promotion of entrepreneurial skills among the population is often considered as an adequate policy to enhance job creation and economic growth. However, neither the definition of entrepreneurial skills, nor the costs and benefits of such a policy are clear. Our aim is to check whether the benefits of entrepreneurial skills extent beyond self-employment. We use a sample of higher education graduates from Spain, from the year 2000 interviewed in 2005 (REFLEX survey). We denote entrepreneurial skills as those competencies that enhance the likelihood of self-employment. Then we analyze whether they are rewarded in wage employment. We find that alertness to new opportunities, ability to mobilize others and knowledge of other fields are the competencies that enhance self-employment in Spain. Yet, these skills are not rewarded in a salaried job. Therefore, benefits of policies fostering entrepreneurial skills do not extend to wage employment in Spain.

Keywords: entrepreneurial skills, wage returns, wage employment, self-employment, competencies

JEL Classification: J24, J31, J43

Suggested Citation

Kucel, Aleksander and Vilalta-Bufí, Montserrat and Vilalta-Bufí, Montserrat, Entrepreneurial Skills and Wage Employment (March 14, 2016). UB Economics Working Papers E16/336, Available at SSRN: https://ssrn.com/abstract=2759715 or http://dx.doi.org/10.2139/ssrn.2759715

Aleksander Kucel (Contact Author)

ESCSET, Universitat Pompeu Fabra ( email )

Avinguda Ernest Lluch 32 (Porta Laietana)
Mataró, Barcelona 08302
Spain
931 69 65 01 (Phone)
08302 (Fax)

HOME PAGE: http://www.tecnocampus.cat

Montserrat Vilalta-Bufí

University of Barcelona - Center for Research in Welfare Economics ( email )

Barcelona, 08028
Spain

HOME PAGE: http://www.creb.ub.edu/

University of Barcelona - Department of Economics ( email )

Barcelona
Spain

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