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All about balance?: A test of the jack-of-all-trades theory using military enlistment data
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.ORCID iD: 0000-0002-0702-5564
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.
Linnaeus University, School of Business and Economics, Department of Economics and Statistics.ORCID iD: 0000-0003-4068-2985
2017 (English)In: Labour Economics, ISSN 0927-5371, E-ISSN 1879-1034, Vol. 49, p. 1-13Article in journal (Refereed) Published
Abstract [en]

According to the Jack-of-all-trades theory, people with a balanced set of skills are more suitable for self-employment than are those without. In this paper we test this theory using Swedish Military Enlistment data. This data enables us to construct a measure of balance in abilities that, in comparison to measures used in previous research, is less contaminated by endogeneity problems. We find clear support for the Jack-of-all-trades theory, in the sense that the likelihood of being self-employed is higher for individuals whose skills are balanced. In addition, their earnings from self-employment tend to be higher.

Place, publisher, year, edition, pages
Elsevier, 2017. Vol. 49, p. 1-13
Keywords [en]
Ability balance, Cognitive and non-cognitive ability, Earnings, Jack-of-all-trades theory, Occupational choice, Self-employment
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-67862DOI: 10.1016/j.labeco.2017.09.001ISI: 000419415900001Scopus ID: 2-s2.0-85034084730OAI: oai:DiVA.org:lnu-67862DiVA, id: diva2:1139448
Available from: 2017-09-07 Created: 2017-09-07 Last updated: 2019-08-29Bibliographically approved

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Aldén, LinaHammarstedt, MatsNeuman, Emma

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf