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Table 4 Summary statistics

From: Once an entrepreneur, always an entrepreneur? The impacts of skills developed before, during and after college on firm start-ups

 

Early Entrepreneurs

Late Entrepreneurs

Non-entrepreneurs

Male

0.598

[0.491]

0.643

[0.479]

0.513

[0.500]

Married at graduation

0.165

[0.372]

0.165

[0.371]

0.101

[0.302]

Ethnicity

0.106

[0.308]

0.122

[0.328]

0.076

[0.264]

Number of siblings

2.252

[1.449]

2.679

[1.986]

2.221

[1.625]

Grow up in 2 parent household

0.877

[0.329]

0.88

[0.325]

0.900

[0.300]

Father education

4.823

[1.710]

5.009

[1.801]

5.041

[1.691]

Mother education

4.685

[1.487]

4.456

[1.619]

4.815

[1.523]

Either of parents started business

0.563

[0.497]

0.544

[0.498]

0.451

[0.498]

Close friends started business

0.345

[0.476]

0.269

[0.444]

0.498

[0.500]

High school class rank

62.927

[32.925]

57.342

[36.484]

71.498

[30.228]

Cumulative GPA

3.037

[0.619]

2.912

[0.550]

3.069

[0.571]

Colleges

      

Agriculture and Life Sciences

0.245

[0.431]

0.141

[0.348]

0.129

[0.336]

 Business

0.160

[0.367]

0.186

[0.389]

0.181

[0.385]

 Design

0.113

[0.317]

0.125

[0.332]

0.066

[0.248]

 Engineering

0.135

[0.342]

0.182

[0.386]

0.187

[0.390]

 Human Sciences

0.182

[0.386]

0.144

[0.351]

0.171

[0.377]

Graduation years

      

 1987-1991

0.185

[0.389]

0.278

[0.448]

0.188

[0.391]

 1992-1996

0.2

[0.401]

0.228

[0.420]

0.187

[0.390]

 1997-2001

0.227

[0.419]

0.107

[0.309]

0.201

[0.401]

 2002-2006

0.292

[0.455]

0.011

[0.102]

0.249

[0.432]

Skill Diversities

      

  AC_SPEC

12.42

[7.105]

12.673

[6.559]

13.126

[7.238]

  OCCUPATIONS

2.089

[1.593]

2.234

[1.626]

1.525

[1.074]

  INDUSTRIES

2.030

[1.258]

2.238

[1.303]

1.761

[1.045]

 AVGOCCUP (Number of occupations per year)

0.607

[0.968]

0.167

[0.137]

0.171

[0.198]

 AVGIND (Number of industry per year)

0.568

[0.720]

0.168

[0.120]

0.206

[0.214]

Taste for variety

      

Number of extra-curricular activities

12.42

[7.105]

12.673

[6.559]

13.126

[7.238]

Doing things differently

2.089

[1.593]

2.234

[1.626]

1.525

[1.074]

  1. Note: number in the square bracket is standard deviation. Individuals responded to the survey question about the most successful businesses if any. About three quarters of entrepreneurs have only one businesses started. According to the year when their most successful business was started, early entrepreneurs are those who have ever started a business within five years after graduation from ISU. Late entrepreneurs started businesses more than five years after graduation. Without pointing out specifically, probability weight is incorporated in all regressions in the paper to correct potential estimation bias.
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