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This chapter reviews the recent debate about the role of social capital in economics. We argue that all the difficulties this concept has encountered in economics are due to a vague and excessively broad definition. For this reason, we restrict social capital to the set of values and beliefs...
Persistent link: https://www.econbiz.de/10012462807
Traditional human capital theory emphasizes a worker's investment in knowledge. However, when a worker is faced with day-to-day problems on the job, the solutions to the problems often require more knowledge from a team of experts within the firm. When a worker taps into the knowledge of...
Persistent link: https://www.econbiz.de/10012463031
The United States led all other nations in the development of universal and publicly-funded secondary school education and much of the growth occurred from 1910 to 1940. The focus here is on the reasons for the high school movement' in American generally and why it occurred so early and swiftly...
Persistent link: https://www.econbiz.de/10012472366
differentiates between entrepreneurs and other self-employed to address puzzling gaps that have emerged between theory and evidence … on entry into entrepreneurship. The model predicts--and the data confirm--that entrepreneurs are positively selected on … highly-remunerated human capital, but other self-employed are negatively selected on those same abilities; entrepreneurs are …
Persistent link: https://www.econbiz.de/10012481000
ideas, and higher educational attainments of entrepreneurs and workers, enhance endogenous economic growth by augmenting the …
Persistent link: https://www.econbiz.de/10012453983
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 …
Persistent link: https://www.econbiz.de/10012461217
One approach to urban areas emphasizes the existence of certain immutable relationships, such as Zipf's or Gibrat's Law. An alternative view is that urban change reflects individual responses to changing tastes or technologies. This paper examines almost 200 years of regional change in the U.S....
Persistent link: https://www.econbiz.de/10012461723
In this paper we explore whether or not the experience as a founder of a venture capital-backed startup influences the performance of founders who become venture capitalists (VCs). We find that nearly 7% of VCs were previously founders of a venture-backed startup. Having a successful exit and...
Persistent link: https://www.econbiz.de/10013191001
We analyze a field experiment conducted on AngelList Talent, a large online search platform for startup jobs. In the experiment, AngelList randomly informed job seekers of whether a startup was funded by a top-tier investor and/or was funded recently. We find that the same startup receives...
Persistent link: https://www.econbiz.de/10013172146
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries …. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms with detailed information on owner …
Persistent link: https://www.econbiz.de/10012479519