What makes a young entrepreneur?

7 11 2007

A discussion paper What Makes a Young Entrepreneur?, published by The Institute for the Study of Labor (IZA) in Bonn, documents some of the patterns in modern microeconomic data on young people’s employment, attitudes and entrepreneurial behaviour.  Three main conclusions are drawn: self-employed individuals report markedly greater well-being than equivalent employees; many individuals express a strong preference to be self-employed; and an important determinant of being self-employed is having a self-employed parent.

The paper is authored by David G. Blanchflower (Dartmouth College, NBER, Bank of England and IZA) and Andrew J. Oswald (University of Warwick and IZA). Data sources include the Eurobarometer Surveys; the Labour Force Surveys from Canada and the Current Population Survey in the United States.

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