The Jack-of-All-Trades Entrepreneur: Innate Talent or Acquired Skill?
12 Pages Posted: 8 Sep 2006
Date Written: August 2006
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: Suggested Citation