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Titel
Dinner table human capital and entrepreneurship / Hans K. Hvide (University of Bergen, University of Aberdeen, CEPR and IZA), Paul Oyer (Stanford University GSB, NBER and IZA) ; IZA Institute of Labor Economics
VerfasserHvide, Hans K. In der Gemeinsamen Normdatei der DNB nachschlagen ; Oyer, Paul E. In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, January 2018
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (57 Seiten) : Diagramme
SerieDiscussion paper ; no. 11303
URNurn:nbn:de:hbz:5:2-148637 Persistent Identifier (URN)
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Dinner table human capital and entrepreneurship [0.5 mb]
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Zusammenfassung

We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or a closely related industry as their fathers' industry of employment. Second, this tendency is correlated with intelligence: higher-IQ entrepreneurs are less likely to follow their fathers. Third, an entrepreneur that starts a firm in the same 5-digit industry as where his father was employed tends to outperform entrepreneurs in the same industry whose fathers did not work in that industry. We consider various explanations for these facts and conclude that "dinner table human capital", where children obtain industry knowledge through their parents, is an important factor behind what type of firm is started and how well it performs.