Are nonprofit entrepreneurs also Jacks-of-all-trades?

We investigate whether nonprofit and for-profit entrepreneurs share similar observable and unobservable skills. In JLE 23:649-680, 2005 "Jacks-of-all-Trades" model of entrepreneurship, individuals with more diverse academic and occupational training are more likely to become entrepreneurs,...

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Bibliographic Details
Published in:IZA journal of labor economics 2014-07, Vol.3 (1), p.1-15, Article 4
Main Author: Cho, Insoo
Format: Article
Language:English
Subjects:
Balanced skills
Economics
Entrepreneurs
Entrepreneurship
For-profit
Jacks-of-All-Trades
Labor Economics
Nonprofit
Occupational training
Original Article
Population Economics
Private sector
Professional training
Skills
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Summary:We investigate whether nonprofit and for-profit entrepreneurs share similar observable and unobservable skills. In JLE 23:649-680, 2005 "Jacks-of-all-Trades" model of entrepreneurship, individuals with more diverse academic and occupational training are more likely to become entrepreneurs, while more narrowly trained individuals become employees. Data on college graduates from a single university show that observed diverse skills increase the probability that the graduate will open both for-profit and nonprofit venture. Positive correlation in the errors that jointly affect for-profit and nonprofit start-ups is consistent with the existence of an unobserved entrepreneurial skill, a key factor underlying Lazear's theory.
ISSN:2193-8997
2193-8997
DOI:10.1186/2193-8997-3-4