Working Paper Series
Christopher I. Rider, Peter Thompson, Aleksandra Kacperczyk and Joacim Tåg
Experience and Entrepreneurship
Abstract: We document in two very different datasets an inverted
U-shaped relationship between work experience and entrepreneurship among
movers. The first dataset consists of 1,248, U.S. lawyers who were forced
to seek alternative employment after the sudden dissolutions of their
employers. The second consists of over 7.5 million observations on Swedish
workers, where job separation is predominantly unrelated to job
destruction. Our empirical results are consistent with a model of
stochastic accumulation of employer-specific and transferable skills, where
the mix between the two is not fully observable to outside parties.
Keywords: Entrepreneurship; Employee mobility; Experience; (follow links to similar papers)
JEL-Codes: D20; J20; L26; M50; (follow links to similar papers)
38 pages, August 6, 2013
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