Working Paper Series
Intelligence, Self-confidence and Entrepreneurship
Abstract: I investigate the effect of human capital on
entrepreneurship using the National Longitudinal Survey of Youth - 1979. I
find that individuals with higher measured intelligence and self-confidence
are more likely to be entrepreneurs. Furthermore I present evidence
suggesting that intelligence and self-confidence affect business ownership
through two different channels: intelligence increases business survival
while self-confidence increases business creation. Finally, once we control
for intelligence and self-confidence the effect 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-confidence; (follow links to similar papers)
JEL-Codes: C41; J24; L26; (follow links to similar papers)
31 pages, October 24, 2011
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