Scandinavian Working Papers in Economics

Working Paper Series,
Research Institute of Industrial Economics

No 887: Intelligence, Self-confidence and Entrepreneurship

Andrea Asoni ()
Additional contact information
Andrea Asoni: Research Institute of Industrial Economics (IFN), Postal: and University of Chicago

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

JEL-codes: C41; J24; L26

31 pages, October 24, 2011

Full text files

wp887.pdf PDF-file 

Download statistics

Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ().

This page generated on 2018-01-23 23:34:40.