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Table 7 Logit model of early and lifetime entrepreneurial entry with additional controls for the taste for variety

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

Dependent variable

Entrepreneurship within 5 years of graduation

Entrepreneurship within 25 years of graduation

Negative binomial regression of number of firms started

AC_SPEC

−0.0014***

−0.0014***

−0.0008

−0.0008

−0.009

−0.008

−0.009

 

(−2.74)

(−2.73)

(−1.12)

(−1.09)

(1.37)

(1.25)

(1.28)

AVGOCCUP

0.0161**

0.0160**

0.2723***

0.2737***

1.106***

1.111

1.113***

 

(2.47)

(2.44)

(7.17)

(7.16)

(3.48)

(3.37)***

(3.37)

AVGIND

0.0049

0.0051

0.2329***

0.2336***

1.017***

0.977***

0.973***

 

(0.69)

(0.72)

(7.70)

(7.72)

(4.48)

(4.06)

(4.05)

Doing things differently

0.0075

0.0075

0.0304**

0.0305**

 

0.430***

0.431***

 

(1.03)

(1.03)

(2.62)

(2.63)

 

(4.34)

(4.34)

Number of extra-curricular activities

 

−0.0006

 

−0.0028

  

0.018

  

(−0.32)

 

(−0.76)

  

(0.57)

α

    

1.586

1.553

1.554

     

[0.21] ***

[0.21] ***

[0.21] ***

  1. Note: Coefficients have been converted into marginal effects. Numbers in the parenthesis are absolute value of z-statistics. Numbers in the bracket are standard errors. *, ** and ***represent statistical significance at 10%, 5% and 1%, respectively. We also include other variables as shown in Table 3. α is negative binomial distribution parameter.