The construct of career success: measurement issues and an empirical example

The aim of the present paper is twofold. We first give an overview of the multi-faceted construct of career success with its “objective” (real attainments) and “subjective” (perceived attainments) components and with the different methodologies measuring them (“subjectivist” vs. “objectivist” approaches). We also discuss the relationship between the different components of career success as revealed in the literature. Our second aim is to show that the interrelationship between the different facets of career success varies with the employment context. We analyze subjective and objective career success measures collected from professionals working either in the private sector, in the public sector, or that are self-employed. Our findings show that objective success and subjective success are more closely related in the private and self-employment sectors than in the public sector. Moreover, the interrelationship between objective and subjective success varies with the specific subjective success measure chosen. It is stronger for an “other-referent” subjective success measure than for a “self-referent” subjective success measure. Conclusions regarding the measurement of career success as well as regarding the relevance of subjective success for studying occupational careers are drawn.

Desarrollo aplicación web y móvil para reservas en comedores

Este trabajo trata sobre el desarrollo de una “Start Up” de base tecnológica desde la universidad. La empresa creada comercializará un servicio software para comedores y restaurantes. La actualidad está marcada por la economía, y en estos momentos nos encontramos con una tasa de paro general del 26,7%, en ingenierías (la UPM) es del 31,2%. El sector de las TIC se salva por el momento (en informática la tasa de paro es del 4,8%), aunque el trabajo en muchos casos es precario y las oportunidades para desarrollar una carrera plena pasan por ir a trabajar a otros países que tienen una situación laboral más favorable. También tenemos la alternativa de trabajar como autónomos, creando empresas y, con suerte, generando un nuevo empleo. En España existen iniciativas de ayuda pública y privada que ayudan a convertir ideas en empresas, incubadoras, aceleradoras, ayudas públicas, ferias tecnológicas, concursos que ayudan a ganar visibilidad, etc. Este proyecto nació gracias a una de estas iniciativas, más en concreto a ACTUA UPM, iniciativa de la propia UPM a través de la unidad Creación de Empresas. Para crear una empresa no basta un buen servicio o un buen producto, es necesario poder venderlo. Por lo que el primer esfuerzo debe realizarse en comprobar que nuestro producto tiene características que pueden cubrir una necesidad que ya existe y que las condiciones indican que puede ser rentable. Esta es la primera fase, la creación de un plan de negocio y de marketing. A continuación basándonos en la manera en la que decidimos que venderemos nuestro producto, orientaremos el desarrollo para hacer hincapié en los puntos fuertes que pueden hacer nuestro producto diferente y deseado. La fase de desarrollo es mi caso es sobre todo una fase de aprendizaje, en la que aprenderé a fondo tecnologías web y móvil, y aplicaré los conocimientos adquiridos en mis estudios. A continuación, se ofrece mi experiencia desarrollando la empresa desde la idea hasta conseguir un producto preparado para ponerlo a prueba. ---ABSTRACT---This paper is about the development of a technological based “Start Up” from the college. The company will market a software service oriented to canteens and restaurants. Economy is what rules the world, and today we are facing a very strong crisis with a 26.7% of unemployment rate in Spain. However, the IT sector is less affected than others by this crisis (Informatics Engineers has a 4.8% unemployment rate). But in many cases jobs are precarious and young people have to leave our country for pursuing a decent career. Also we have the option of self-employment, launching a company, and with some luck, creating a new job. We have some tools for launching new technological base business. Many people hopes to create the new Facebook, and many investors are interested in being on the boat if that happens. Also at UPM we have ACTUA UPM, which promotes ideas into companies. My idea was born in it and managed to the final round. For launching a new company you need to do a business plan that studies the possible pitfalls of your idea and directs your development efforts to the way your product is going to be sold. So the first phase of this paper will talk about the development of the business plan. After it, the development phase is in essence a phase of learning in which I faced most problems in my own, giving the best solutions I could from my own experience and intuition. Then, we present the experience of developing a Start Up from the idea to the market testing.

Returns from Income Strategies in Rural Poland. Factor Markets Working Document No. 64, August 2013

In order to stabilise and improve their income situation, rural households are strongly encouraged to diversify their activities both within and outside the agricultural sector. Often, however, this advice is only moderately pursued. This paper addresses issues of rural household income diversification in the case of Poland. It investigates returns from rural household income strategies using propensity score matching methods and extensive datasets spanning 1998-2008. Results suggest that returns from combining farm and off-farm activities were lower than returns from concentrating on farming or on self-employment outside agriculture. This differential is stable over time although returns from diversification have relatively improved after Poland’s accession to the EU. This is also visible in the fact that since 2006 returns from combining farm and off-farm activities have evened with returns from relying solely on hired off-farm labour, thus smoothing the difference observed before the accession. Further, over the analysed period, households pursuing the diversification strategy performed better than those relying solely on unearned income. Finally, in general, the income in households combining farm and off-farm activities was higher than in those combining two off-farm income sources.

The revision of the Posted Workers Directive: towards a sufficient policy adjustment? EPC Discussion Paper, 20 April 2016

Labour mobility within the European Union continues to be a limited phenomenon. This concerns both long-term intra-EU mobility and more temporary forms of mobility such as posting of workers, i.e. workers posted to another member state in the framework of cross-border service provision. Yet, despite the limited nature of posting, this topic is far from being absent from the public and political debates. Several factors contribute to this. Firstly, a surge in the number of posted workers has been noticed over the recent years and increased attention has therefore been paid to this issue. Quite a few economic sectors, including construction, manufacturing, and social work, are very concerned by this trend. Secondly, several types of abuses have been recorded such as letter-box companies, bogus self-employment and exploitation of the posted workers' vulnerable situation. Thirdly, questions have been raised as to whether the balance struck by the EU legislator in 1996 (when adopting the Posted Workers Directive) between the freedom to provide crossborder services and the workers' social rights is still valid today. These elements highlight the need for a policy adjustment in order to preserve the legitimacy of the citizens' and workers' freedom to move and, to a certain extent, of the social dimension of the European project. In this context, the European Commission published a proposal to revise the 1996 Directive in order to strike a better balance between economic and social rights. But is this proposal sufficient to ensure a level playing field between economic actors and equal treatment between workers? How will this proposal affect the implementation of other EU initiatives aiming to tackle fraud and abuse? What else is needed to address the tensions between the Single Market principles and the EU's social objectives? This discussion paper, published in the context of the Dutch Presidency and the ongoing negotiations of a revised Directive on posted workers, focuses on these questions while proposing some concrete solutions for a fairer policy framework.

The experiences of South Asian university students in the British education system and in their search for work

This research aimed to provide a comparative analysis of South Asian and White British students in their academic attainment at school and university and in their search for employment. Data were gathered by using a variety of methodological techniques. Completed postal questionnaires were received from 301 South Asian and White British undergraduates from 12 British universities, who were in their final year of study in 1985. In depth interviews were also conducted with 49 graduates who were a self selected group from the original sample. Additional information was also collected by using diary report forms and by administering a second postal questionnaire to selected South Asian and White British participants. It was found that while the pre-university qualifications of the White British and South Asian undergraduates did not differ considerably, many members in the latter group had travelled a more arduous path to academic success. For some South Asians, school experiences included the confrontation of racist attitudes and behaviour, both from teachers and peers. The South Asian respondents in this study were more likely than their White British counterparts, to have attempted some C.S.E. examinations, obtained some of their `O' levels in the Sixth Form and retaken their `A' levels. As a result the South Asians were on average older than their White British peers when entering university. A small sample of South Asians also found that the effects of racism were perpetuated in higher education where they faced difficulty both academically and socially. Overall, however, since going to university most South Asians felt further drawn towards their `cultural background', this often being their own unique view of `Asianess'. Regarding their plans after graduation, it was found that South Asians were more likely to opt for further study, believing that they needed to be better qualified than their White British counterparts. For those South Asians who were searching for work, it was noted that they were better qualified, willing to accept a lower minimum salary, had made more job applications and had started searching for work earlier than the comparable White British participants. Also, although generally they were not having difficulty in obtaining interviews, South Asian applicants were less likely to receive an offer of employment. In the final analysis examining their future plans, it was found that a large proportion of South Asian graduates were aspiring towards self employment.

Minority enterprise in the clothing industry: an analysis of Asian jeans manufacturers in Birmingham

This thesis discusses and assesses the resources available to Asian entrepreneurs in the West Midlands' clothing industry and how they are used by these small businessmen in order to address opportunities in the market economy within the constraints imposed. The fashion industry is volatile and is dependent upon flexible firms which can respond quickly to shortrun production schedules. Small firms are best able to respond to this market environment. Production of jeans presents an interesting departure from the mainstream fashion industry. It is traditionally gared towards longrun production schedules where multinational enterprises have artificially diversified the market, promoting the 'right' brand name and have established control of the upper end of the market, whilst imports from Newly Developing Countries have catered for cheap copies at the lower end of the market. In recent years, a fashion element to jeans has emerged, thus opening a market gap for U.K. manufacturers to respond in the same way as for other fashion articles. A large immigrant population, previously serving the now declining factories and foundries of the West Midlands but, through redundancy, no longer a part of this employment sector, has ~5ponded to economic constraints and market opportunities by drawing on ethnic network resources for competitive access to labour, finance and contacts, to attack the emergent market gap. Two models of these Asian entrepreneurs are developed. One being somecne who has professionally and actively tackled the market gap and become established. These entrepreneurs are usually educated and have personal experience in business and were amongst the first to perceive opportunities to enter the industry, actively utilising their ethnicity as a resource upon which to draw for favorable access to cheap, flexible labour and capital. The second model is composed of later entrants to jeans manufacturing. They have less formal education and experience and have been pushed into self-employment by constraints of unemployment. Their ethnicity is passively used as a resource. They are more likely confined to the marginal activity of 'cut make and trim' and have little opportunity to increase profit margins, become estalished or expand.

An evaluation of motivations for studying pharmacy, career commitment and future career plans

It has been predicted that there will be a full time pharmacist workforce shortage of over 15,000 by 2013. It is therefore necessary to recruit more students of a suitable calibre to undergraduate pharmacy degree courses. This study was designed to investigate the motivations of pre-university and MPharm students for studying pharmacy. A series of focus groups was conducted with Year 12 students and a national survey of Year 13, 1st year MPharm and 4th year MPharm students was undertaken. The study found that amongst Year 12 students, pharmacy is perceived as a background profession and was also perceived as being of a lower status than medicine and dentistry. It was concluded that there was a need for greater promotion of pharmacy as a career amongst pre-university students, including the provision of structured work experience placements. Analysis of UCAS applicant data for pharmacy shows that the applicant pool is buoyant and that the majority of applicants are female. Female respondents to the surveys were significantly more likely than males to wish to work part time if they had a family. This could lead to further shortages in the full time workforce. The largest ethnic group of applicants to pharmacy degree courses were Asian. Business ownership and self-employment were motivations for entering the procession of pharmacy and career aims for significantly more Asian than White respondents. Ownership of independent pharmacies is declining and this could be a barrier to future recruitment to pharmacy degree courses. A high degree of interest in locum working may present a problem for continuity in commissioned services within community pharmacy practice. Further work is needed to examine the motivations for working as a locum pharmacist.

Black and minority ethnic graduate entrepreneurs: motivations, characteristics and access to finance

This paper draws upon four case studies to examine characteristics, entrepreneurial motivations and access to finance of black and minority ethnic (BME) graduates in the UK. We find that BME graduates starting a business are motivated by a desire to “do better”, and rely heavily on personal savings and family sources for start-up capital. In addition: • There is no conclusive evidence that suggests in this study that BME graduates entered entrepreneurship because of unemployment; with the exception of a few, all had jobs prior to entering self employment. • “Glass ceilings” were often cited by participants of the case studies as a kind of barrier, but there was reluctance to specify exactly what that meant. • Also, lack of satisfaction from working for others is considered to be a strong motivator for entering self-employment but other reasons, to be one’s own boss and the prospect of higher earnings, are also strong motivators. There is, therefore, a need for support agencies and universities to recognise the distinctive nature of BME graduate enterprise in order to provide effective solutions for different groups. This might include a) work experience, b) advice on an adequate capital structure at start up, c) adequate funding and training, and d) appropriate training for all graduates in basic business education.

Entrepreneurship and welfare

Here, I examine returns to entrepreneurship using a standard measure of welfare, the per-capita consumption expenditure. This analysis, using quantile regressions, reveals the existence of a welfare hierarchy in occupations. The results suggest that, across the welfare distribution, entrepreneurs who employ others have the highest returns in terms of consumption, while those entrepreneurs who work for themselves, that is, self-employed individuals, have slightly lower returns than the salaried employees. However, self-employment entails higher returns than casual labor and a relative escape from poverty.

Institutions and female entrepreneurship

This paper compares the impact of institutions on men and women’s decisions to establish new business start-ups between 2001 and 2006. We use data from the Global Entrepreneurship Monitor survey (GEM) which cover at least 2,000 individuals per year in each of up to 55 countries and have merged it with country-level data, from the World Bank, Economist Intelligence Unit, Polity IV and the Heritage Foundation. We find that women are less likely to undertake entrepreneurial activity in countries where the state sector is larger, but the rule of law is not generally found to have gender-specific effects. However, more detailed institutional components of discrimination against women, in particular, restrictions on freedom of movement away from home, make it less likely for women to have high entrepreneurial aspirations in terms of employment growth, even if their entry into entrepreneurial activities, including self-employment, is not affected by this.

A vállalkozói hajlandóság vizsgálata a női hallgatók körében Magyarországon (Research of entrepreneurial intentions of the Hungarian female students)

Köztudott, hogy a nők lényeges szerepet töltenek be a gazdasági életben, ezért fontos megvizsgálni azt, hogy melyek az ösztönző és az akadályozó tényezők a vállalkozásindításuk során. Egy 2011-es nemzetközi kutatás többek között a magyar női hallgatók vállalkozói hajlandóságát befolyásoló tényezőket vizsgálta. A kutatás többek között a motivációs tényezőkre, a személyiségjegyekre, valamint a korlátozó tényezőkre irányult. A vizsgálat eredményei azt igazolták, hogy a női vállalkozói létet nemcsak a pénzügyi indítékok vezérelték, hanem a belső tényezők is. Elsősorban az egyéni tényezők jelentették az akadályokat számukra, a szervezeti-környezeti korlátok szerepe kisebb jelentőséggel bírt. A vizsgálat eredményei többnyire a szakirodalmi adatokat igazolták. _____ It is widely known, that women play an important role in the economy, which makes the determination of motives and obstacles during business start-ups inevitable. Hungarian female students were surveyed during an international study in 2011 to determine the factors of entrepreneurial intentions. The survey included among other factors the motives for self‐employment, the personal characteristics and the barriers they faced. Results revealed that primary motivations for females during business start-ups were not only monetary motives, but also intrinsic factors. Problems faced by Hungarian female students were mainly individual; the organizationalenvironmental ones had lower importance. Results on motives and barriers were mostly consistent with the authors’ literature findings.

Three essays on entrepreneurial entry, serial entrepreneurship, and labor turnover

This study explores two important aspects of entrepreneurship — liquidity constraints and serial entrepreneurs, with an additional analysis of occupational choice among wage workers. In the first essay, I revisit the question of whether entrepreneurs face liquidity constraints in business formation. The principle challenge is that wealth is correlated with unobserved ability, and adequate instruments are often difficult to identify. This paper uses the son's birth order as an instrument for household wealth. I exploit the data available in the Korean Labor and Income Panel Study, and find evidence of liquidity constraints associated with self-employment in South Korea. The second essay develops and tests a model that explains entry into serial entrepreneurship and the performance of serial entrepreneurs as the result of selection on innate ability. The model supposes that agents establish businesses with imperfect information about their entrepreneurial ability and the profitability of business ideas. Agents continually observe signals with which they update their beliefs, and this process eventually determines their next business choice. Selection on ability induces a positive correlation between entrepreneurial experience (measured by previous business earnings and founding experience) and serial business formation, as well as its subsequent performance. The predictions in the model are tested using panel data from the NLSY79. The analysis permits a distinction to be made between selection on innate ability and learning by doing. Motivated by previous empirical findings that white-collar workers had higher turnover rates than blue-collar workers during firm expansion, the third essay further examines job turnover among workers with or without specific skills. I present a search-matching model, which predicts that when firm growth is driven by technological advance, workers whose skills are specific to the obsolete technology show a higher tendency to separate from their jobs. This hypothesis is tested with data from the PSID. I find supportive evidence that in the context of technological change, having an occupation requiring specific skills, such as computer specialists or engineers, increases the odds of job separation by nearly eight percent. ^

Three essays on entrepreneurial motivation, entry, exit and monetary rewards

This dissertation analyzes rewards and motivations of self-employment. In light of recent research contributions of Barton Hamilton (2000), which find entrepreneurship not as financially rewarding as wage work, my dissertation attempts to both verify and explain this claim. The first essay proposes a theoretical model of evolution of erroneous earnings expectations on part of a nascent entrepreneur. Inability to observe, survey, and take into account all of the returns to entrepreneurship prior to business entry creates a biased set of beliefs on part of the potential entrants. Using Bayesian learning, a nascent entrepreneur starting out with correct perception of profit distribution arrives at erroneous beliefs by incorporating limited information collected from existing businesses. An observed distribution of surviving businesses would exhibit higher earnings because of previous, unobserved, business failure entrepreneur get an overly positive view of her profit potential. Hence, the chapter offers a unique method of modeling overconfidence. The second essay undertakes dynamic empirical comparison of earnings received by business owners and their wage counterparts. Using Survey of Income and Program Participation (SIPP) I examine both short and long run returns to entrepreneurship comparing theses rewards to wage earners returns. I pay particular attention to transitions into and out of business ownership. I estimate entire earnings distribution. To characterize dynamic aspect of changes to individuals’ earnings I split the income distribution into five income quintiles and follow survey participants over the period of seven years. I find that period-to-period transitions to be Markovian. I find business tenure to be short, business ownership is costly in the short and rewarding in the long run. The third essay considered different reporting schemes applied to the self-employed. It is another empirical investigation of entrepreneurial earning uses Panel Study of Income Dynamics (PSID). I find entrepreneurs while reporting lower than wage workers earnings enjoy significant consumption premiums. I observe evidence of income underreporting by entrepreneurs. This finding suggests a need for better earning comparison metrics and proposes to use consumption rather than income metrics for future comparisons.

Raúl Castro's Government: Recent Economic Reforms and Some Political Considerations.

Four years after calling for structural and conceptual changes, Raúl Castro finally unveiled a roadmap of substantive economic reforms. Over the next 18 months, at least a million workers will be laid off from the bloated state sector. Alternative forms of earning a living – self-employment, cooperatives, leasing of land or physical space, among others – are being authorized as old constraints on these alternatives are rescinded. From the perspective of ordinary Cubans, these reforms – called an actualizaciόn, or an update of the economic model – were long overdue. Yet, in hindsight, the slow-paced process can be explained, not in terms of the need for time to “identify” Cuba’s economic problems which have been known for decades, but by Raúl Castro’s emphasis on la institucionalidad, the need to channel decision making through institutions. His brother left a chaotic state apparatus which first needed mending before an elite consensus on the reform package could be forged. Cuba is entering a situation without precedent: this package is likely to run its own course without the Comandante (Fidel Castro) stopping it. By 2015, Cuban society will probably look different than today, featuring unprecedented inequality and living standards that are on the rise.

Essays on labor economics.

Doctor of Philosophy in subject of Economics