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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.
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: 000419415900001OAI: oai:DiVA.org:lnu-67862DiVA, id: diva2:1139448
Available from: 2017-09-07 Created: 2017-09-07 Last updated: 2018-01-30Bibliographically 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