Experience and Entrepreneurship

A Career Transition Perspective

Datos Bibliográficos

ID3435232
AutoresChristopher I Rider (0000-0003-1163-305X, Georgetown University, autor de correspondencia), Peter Thompson (0000-0003-4661-6233, Georgia Institute of Technology), Aleksandra Kacperczyk (0000-0001-7874-6177, London Business School), Joacim Tåg (0000-0002-4924-2479, Christopher I. Rider is an Associate Professor at the University of Michigan. Peter Thompson is a Professor at the Georgia Institute of Technology. Aleksandra Kacperczyk is an Associate Professor at the London Business School. Joacim Tåg is the Program Director at the Research Institute of Industrial Economics (IFN))
Año2019
Volumen72
Número5
Páginas1149-1181
Fecha de publicación2019-10-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaIndustrial and Labor Relations Review (JOURNAL)
Identificadores de la revistaISSN: 0019-7939 • E-ISSN: 2162-271X
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/0019793919852919
OpenAlexW2566221799
IdiomaEN
Citas recibidas5
Referencias citadas32

The authors cast entrepreneurship as one of three career choices-remaining with one's employer, changing employers, or engaging in entrepreneurship-and theorize how the likelihood of entrepreneurship evolves over one's career. They empirically demonstrate an inverted U-shaped relationship between accumulated experience and entrepreneurship across various industries and jobs. The authors highlight the difficulty of inferring the mechanism underlying the observed relationship, despite detailed career history data and job displacement shocks that eliminate the current employer choice. These analyses motivate a formal career transitions model in which employer-specific and general skills accumulate with experience but potential employers observe only total skill. Results from the model presented here are that entrepreneurial career transitions vary with two relative costs: 1) the cost to an individual to form a business and 2) the cost to a potential employer to utilize the individual's employer-specific skills. The authors discuss how this model contributes new insights into an entrepreneurial career

Business · Displacement (psychology) · Economics · Entrepreneurship · Job creation · Labour economics · Perspective (graphical) · Computer Science · Entrepreneurship Studies and Influences · Firm Innovation and Growth · Labor market dynamics and wage inequality · Marketing · Psychology