56 ENTREPRENEURSHIPRecent immigrants and refugees are also affected by negative displacement. Because
they are on the outer fringes of the economy and of society, they are sensitive to the
allure of self-employment; having no one to depend on, they depend on no one. In soci-FIGURE 2.3 Percentage of U.S Entrepreneurs by Level of Education
Tech/professional school/business school
Post high school/no degree
College degree
High school dropout
Post college experience
High school graduate
Grade schoolSOURCE: Kauffman Foundation, Babson College. Reported in The Wall Street Journal, September 7, 2004: B4.17.8
13.7
12.8
12.0
11.4
10.4
6.2%Negative displacement
Immigrant status
Fired
Angered, bored
Middle-aged
DivorcedFIGURE 2.2 The Supply of EntrepreneurshipEntrepreneurial event
Initiative taking
Consolidation of resources
Management of organization
Relative autonomy
Risk bearingPositive push
Strong father
Career
Education
ExperiencePerceptions of feasibility
Support
Demonstration
Models
Mentors
Positive pull Partners
From partner
From mentor
From investor
From customerEntrepreneurshipBetween things
Army
School
PrisonPerceptions of desirability
Culture
Family
Colleagues
Mentors
PeersImpetus for
Entrepreneurship Situational Characteristics¾
¾
¾ ¾ ¾¾ ¾