Entrepreneurial Reluctance. Talent and Firm Creation in China.

Autor/inn/en	Bai, Chong-En; Jia, Ruixue; Li, Hongbin; Wang, Xin
Institution	National Bureau of Economic Research
Titel	Entrepreneurial Reluctance. Talent and Firm Creation in China.
Quelle	Cambridge, Mass.: National Bureau of Economic Research (2021) PDF als Volltext Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper series. w28865
Beigaben	Illustrationen
Sprache	englisch
Dokumenttyp	online; Monographie; Graue Literatur
Schlagwörter	Bildungsniveau; Unternehmensgründung; Arbeitskraft; Qualifikation; Arbeitspapier; Unternehmungsgeist; Hoch Qualifizierter; China
Abstract	The theoretical literature has long noted that talent can be used in both the entrepreneurial and non-entrepreneurial sectors, and its allocation depends on the reward structure. We test these hypotheses by linking administrative college admissions data for 1.8 million individuals with the universe of firm registration records in China. Within a college, we find that individuals with higher college entrance exam scores - the most important measure of talent in this context - are less likely to create firms, but, when they do, their firms are more successful than those of their lower-score counterparts. Additional survey data suggest that higher-score individuals enjoy higher wages and are more likely to join the state sector. Moreover, the score-to-firm creation relationship varies greatly across industry, according to the size of the state sector. These findings suggest that the score is positively associated with both entrepreneurial ability and wage-job ability but higher-score individuals are attracted away by wage jobs, particularly those of the state sector.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2021/4