Can Fatalism Explain why Entrepreneurs Tend to Save so Much

Bibliographic Data

ID13022589
AuthorsGabriele Ruiu (0000-0002-4337-4665, University of Sassari, corresponding author)
Year2018
Volume11
Issue1
Pages293-310
Publication date2018-03-30
Open AccessYes
TypeARTICLE
VenueEconomics & Sociology (JOURNAL)
Journal identifiersISSN: 2071-789X • E-ISSN: 2306-3459
PublisherCentre of Sociological Research, NGO (PUBLISHER)
DOI10.14254/2071-789x.2018/11-1/19
OpenAlexW2883465268
LanguageEN
References cited7

According to robust empirical findings, entrepreneurial households tend to save more than nonentrepreneurial ones. This difference in saving propensity is not merely accounted by high entrepreneurial income. This paper aims to offer a better understanding of the financial behaviour of entrepreneurs. Building on previous empirical findings on the effect of fatalistic tendencies on economic behavior, we argue that fatalism may negatively affect both the decision to save and the decision of becoming an entrepreneur. Using data from the fifth and sixth wave of the World Value Survey for the empirical testing of this idea, our multivariate analysis shows that, controlling for a large set of individual and contextual traits, fatalistic beliefs discourage both choices

Business · Economics · Epistemology · Fatalism · Neoclassical economics · Culture, Economy, and Development Studies · Philosophy

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Open DOIOpen Access