Cross-sectional tests of the Jack-of-All-Trades theory of entrepreneurship invariably conclude that accumulation of … balanced skill-mix across different fields of expertise stimulates entrepreneurship. Yet, none of these considers individual … entrepreneur. -- entrepreneurship ; occupational choice ; skills …

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

entrepreneurship is introduced, where individuals can choose not to work, become entrepreneurs, or work in one of the two sectors … entrepreneurship in the United States. …

a positive relationship between an individual’s potential payoffs in working and in entrepreneurship. If some firms … consequence, the entrepreneurship rate falls with income per capita, average firm size and firm size dispersion increase with … income per capita, and "entrepreneurship out of necessity" falls with income per capita. The paper also documents, for two of …

employment or the outside option of self-employment/entrepreneurship. We also discuss countervailing incentives among the mixed …

for higher returns to human capital for entrepreneurs. -- Entrepreneurship ; ability ; occupational choice ; human capital …