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All about balance?: a test of the Jack-of-all-trades theory among the self-employed in Sweden
Linnaeus University, School of Business and Economics, Department of Economics and Statistics. (Linnaeus University Centre for Discrimination and Integration Studies)ORCID iD: 0000-0002-0702-5564
Linnaeus University, School of Business and Economics, Department of Economics and Statistics. (Linnaeus University Centre for Discrimination and Integration Studies)
Linnaeus University, School of Business and Economics, Department of Economics and Statistics. (Linnaeus University Centre for Discrimination and Integration Studies)ORCID iD: 0000-0003-4068-2985
2014 (English)Report (Other academic)
Abstract [en]

Researchers as well as policymakers often view self-employment as an important factor behind innovation and economic growth and policies that foster self-employment has been on the agenda in several European countries during the last decades. The Jack-of-all-trades theory argues that individuals with a balanced set of skills are more suitable for self-employment than others. In this paper we test this theory using Swedish Military Enlistment data. This data enables us to construct a measure of balance in endowed abilities that, incomparison to measures used in previous research, is less contaminated by endogeneity problems. Specifically, we measure balance in skills using the result from the tests of cognitive and non-cognitive ability taken at military enlistment. We find clear support for the Jack-of-all-trades theory, in the sense that the likelihood of being self-employed or switching into self-employment is higher for individuals who are more balanced in their in abilities. In addition, earnings from self-employment tend to be higher among individuals with a more balanced set of skills.

Place, publisher, year, edition, pages
Linnaeus University Centre for Labour Market and Discrimination Studies , 2014. , p. 31
Series
Working paper series: Linnaeus University Centre for Labour Market and Discrimination Studies ; 2014:15
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-38647OAI: oai:DiVA.org:lnu-38647DiVA, id: diva2:772792
Available from: 2014-12-17 Created: 2014-12-17 Last updated: 2019-06-13Bibliographically approved

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Aldén, LinaHammarstedt, MatsNeuman, Emma

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CiteExportLink to record
Permanent link

Direct link
Cite
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