Some Troubled Teens Become Successful Entrepreneurs
Wall Street Journal story by Khadeeja Safdar reports on a working paper by
National Bureau of Economic Research
economists Ross Levine
and Yona Rubinstein.
. Using data from the U.S. Census Bureau'
s Current Population Survey and the National Longitudinal Survey of
Youth, they look at the cognitive, noncognitive and family traits of
self-employed individuals who have incorporated businesses and compare it to
the characteristics of salaried workers and the self-employed who have not incorporated
The economists say those
who incorporate their businesses show more entrepreneurial intent than those don't.
Self employed workers without incorporated businesses tend to earn less than
are likely to show greater learning ability, higher self esteem, greater tolerance
and a tendency to have been
troubled as teenagers who engaged in illicit activities. Read the story here.