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Creativity and the Family Tree: Human Capital Endowments and the Propensity of Entrepreneurs to Patent
Link, Albert N.; Ruhm, Christopher J. - Institute for the Study of Labor (IZA) - 2011
In this paper we show that the patenting behavior of creative entrepreneurs is correlated with the patenting behavior of their fathers, which we refer to as a source of the entrepreneurs' human capital endowments. Our argument for this relationship follows from established theories of...
Persistent link: https://www.econbiz.de/10009323395
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What Is the Value of Entrepreneurship? A Review of Recent Research
Praag, Mirjam van; Versloot, Peter H. - Institute for the Study of Labor (IZA) - 2007
that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What … group’? A fourth type of contribution studied is the role of entrepreneurship in increasing individuals’ utility levels …
Persistent link: https://www.econbiz.de/10005822686
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Why Are the Returns to Education Higher for Entrepreneurs than for Employees?
Praag, Mirjam van; Sluis, Justin van der; … - Institute for the Study of Labor (IZA) - 2007
We compare the returns to education (RTE) for entrepreneurs and employees, based on 19 waves of the NLSY database. By using instrumental variable techniques (IV) and taking account of selectivity, we find that the RTE are significantly higher for entrepreneurs than for employees (18.3 percent...
Persistent link: https://www.econbiz.de/10005761836