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Entrepreneurship and Job‐relatedness of Human Capital
Author(s) -
Ohyama Atsushi
Publication year - 2015
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/ecca.12144
Subject(s) - entrepreneurship , human capital , earnings , value (mathematics) , capital (architecture) , business , classical economics , economics , labour economics , economic growth , finance , computer science , history , archaeology , machine learning
This paper proposes a theory according to which entrepreneurial ability to deal with the adoption of new technology is a key determinant of value creation in entrepreneurship. In a single conceptual framework, we demonstrate that a bimodal pattern of entrepreneurial entry emerges: both individuals possessing high job‐related human capital and individuals with low job‐related human capital enter entrepreneurship. Our empirical analysis, using information from the Scientists and Engineers Statistical Data System, shows that entrepreneurial earnings crucially depend on the level of job‐related human capital.