Working Paper No. 797

Compulsory Education and Jack-of-all-trades Entrepreneurs

Published: June 1, 2009Pages: 34Keywords: Human Capital; Occupational Choice; Entrepreneurship; Education InstitutionsJEL-codes: J24; I21; L26

Compulsory Education and Jack-of-all-trades Entrepreneurs Robin Douhan


Can educational institutions explain occupational choice between wage employment and entrepreneurship? This paper follows Lazear's (2005) Jack-of-all-trades hypothesis according to which an individual with a more balanced set of abilities is more likely to enter into entrepreneurship. In the theoretical model proposed, abilities are an outcome of talent and educational institutions. Institutions, in turn, differ with respect to mandatory time in school and the scope of the curriculum. Implications of the theory are tested using Swedish data for a school reform. Empirical results support the main theoretical predictions.

Interdisciplinary European Studies

The European Union and the Return of the Nation State

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This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

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