Socialist Heritage and the Opinion on Entrepreneurs
Abstract
What factors shape an individual’s opinion on entrepreneurs? Do these factors differ across countries? This paper analyzes the relationship between socialist history and individuals’ opinion on entrepreneurs. Using a large-scale micro-level dataset from 30 European countries, we find that individuals from countries with a socialist history have a less positive opinion on entrepreneurs. This positive effect is more pronounced for individuals that are younger, better educated and have self-employed parents. Our paper makes two contributions: First, it provides empirical evidence on the determinants of individuals’ opinion on entrepreneurs. Second, it contributes to the understanding of entrepreneurship in former socialist countries.