Are women graduates jacquelines-of-all-trades? Challenging Lazear’s view on entrepreneurship

Bibliographic Data

ID14869693
AuthorsSilke Tegtmeier (0000-0003-2807-5779, University of Southern Denmark, corresponding author), Agnieszka Kurczewska (0000-0002-3088-5044, University of Lodz), Jantje Halberstadt (0000-0002-6647-532X, Leuphana University of Lüneburg)
Year2016
Volume47
Issue1
Pages77-94
Publication date2016-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSmall Business Economics (JOURNAL)
Journal identifiersISSN: 0921-898X • E-ISSN: 1573-0913
PublisherSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1007/s11187-016-9727-8
OpenAlexW2328925974
LanguageEN
Citations received9
References cited80

This study challenges the basic reasoning behind Lazear’s theory on entrepreneurship (2005). Based on the key motive of maximizing one’s lifetime income, Lazear posits that individuals with a balanced set of skills should have a higher probability of being self-employed. His “Jack-of-all-trades” hypothesis presumes that entrepreneurs need sufficient knowledge in a variety of areas to succeed, while paid employees benefit from being specialists in a certain area demanded by the labor market. Because most women-led businesses are neither based on the motive of making money nor are they growth oriented, we argue that maximizing their lifetime income is not the main motivation of many women to start a business. However, we argue that Lazear’s theory can be extended to motivations that are mostly stated for women entrepreneurs as well. We apply it to a specific representative sample of 1384 women graduates in Germany and test our hypothesis with logit regression. A dichotomized measure indicating whether a women graduate was self-employed (n = 706) or not (n = 678) served as the dependent variable. Our results widely confirm Lazear’s assumption for women graduates who run relatively small businesses in terms of sales and employment: professional training, balanced industry experience, and balanced entrepreneurship-based self-efficacy increase the probability of being self-employed. Solo self-employed tend to have balanced industry experience more often than those being in a team or having employees. Lazear’s theory has male as the norm, and as such, does not readily apply to the case of women—but could and should be extended to women’s specifics

Economics · Entrepreneurship · Entrepreneurship education · Entrepreneurship Studies and Influences · Family Business Performance and Succession · Private Equity and Venture Capital · Finance

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