Dinner Table Human Capital and Entrepreneurship / Hans K. Hvide, Paul Oyer.

Format:

Book

Author/Creator:

Hvide, Hans K.

Contributor:

National Bureau of Economic Research.

Oyer, Paul.

Series:

Working Paper Series (National Bureau of Economic Research) no. w24198.

NBER working paper series no. w24198

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2018.

Summary:

We document three new facts about entrepreneurship. First, a majority of male entrepreneurs start a firm in the same or a closely related industry as their fathers' industry of employment. Second, this tendency is correlated with intelligence: higher-IQ entrepreneurs are less likely to follow their fathers. Third, an entrepreneur that starts a firm in the same industry as where his father was employed tends to outperform entrepreneurs in the same industry whose fathers did not work in that industry. We consider various explanations for these facts and propose that "dinner table human capital", where children obtain industry knowledge through their parents, is an important factor behind them.

Notes:

Print version record

January 2018.