The Jack-of-All-Trades Entrepreneur: Innate Talent or Acquired Skill?

12 Pages Posted: 8 Sep 2006

See all articles by Olmo Silva

Olmo Silva

London School of Economics & Political Science (LSE) - Department of Geography and Environment; London School of Economics (LSE) - Centre for Economic Performance; Institute for the Study of Labor (IZA)

Date Written: August 2006

Abstract

Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual unobservable characteristics which may simultaneously determine skill accumulation and occupational choice. Using panel techniques to control for this, I show that gathering expertise across various subjects does not increase the chances of becoming entrepreneur.

Keywords: entrepreneurship, occupational choice, skills

JEL Classification: M13, J23, J24

Suggested Citation

Silva, Olmo, The Jack-of-All-Trades Entrepreneur: Innate Talent or Acquired Skill? (August 2006). IZA Discussion Paper No. 2264. Available at SSRN: https://ssrn.com/abstract=928815

Olmo Silva (Contact Author)

London School of Economics & Political Science (LSE) - Department of Geography and Environment ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

London School of Economics (LSE) - Centre for Economic Performance

Houghton Street
London WC2A 2AE
United Kingdom

Institute for the Study of Labor (IZA)

Schaumburg-Lippe-Str. 7 / 9
Bonn, D-53072
Germany

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