Becoming a Job-Creating Entrepreneur: The Role of Human and Social Capital

• In Event: 60.083 - Roundtable Session 19
  In Roundtable Session: 60.083-9 - Inequality: Individual and Family Resources

Abstract

Promoting job-creating entrepreneurship is one of top priority policies in many countries. This study presents US national representative longitudinal evidence for identifying individual and contextual factors in determining job-creating entrepreneurship, paying attention to the impact of human and social capital. We propose a new entrepreneurship classification which may be a more precise representation of entrepreneurship in our present society than earlier conceptions. Results from a series of multinomial logistic regressions reveal that family business-related human and social capitals are strong determinants of job-creating entrepreneurship. However, for those who have no family business background, education plays a significant role in becoming a successful business owner creating jobs.

Authors

• Guan Saw, The University of Texas - San Antonio

• Barbara Schneider, Michigan State University