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In the previous post, I summarised recent research paper on entrepreneurial learning-by-doing ( http://trueeconomics.blogspot.it/2014/08/1082014-serial-entrepreneurship.html ). Here are some other recent papers on the topic of entrepreneurship and human capital. First paper is by Lagakos, David and Moll, Benjamin and Porzio, Tommaso and Qian, Nancy, titled " Experience Matters: Human Capital and Development Accounting " (December 2012, CEPR Discussion Paper No. DP9253: http://ssrn.com/abstract=2210223 ). The authors use micro-level data from 36 countries to look at evolution (over time) of ratios of experience-to-earnings. They find that the ratios profiles are flatter in poor countries than in advanced economies. In other words, experience-linked returns are flatter in poorer economies, or put differently: for each year gained in experience, poor country workers gain less in earnings than their rich countries counterparts. The paper does not aim to explain the reasons for th...

We often hear references to the U.S. entrepreneurial climate whereby one's failure at the first venture is commonly rewarded with an encouragement to start again. One of the alleged reasons for this climate emergence, the popular belief asserts, is that an entrepreneur learns from failure or success of the first venture to deploy this knowledge to achieve a greater success in the second entrepreneurial endeavour. " Serial Entrepreneurship: Learning by Doing? " (NBER Working Paper No. w20312) by FRANCINE LAFONTAINE, and KATHRYN L. SHAW, looks are whether "Among typical entrepreneurs, is the serial entrepreneur more likely to succeed?" and "If so, why?" The paper uses "a comprehensive and unique data set on all establishments started at any time between 1990 and 2011 to sell taxable goods and services in the state of Texas. An entrepreneur is defined as the owner of a new business. A serial entrepreneur is one who opens repeat businesses. The succes...