The Impact of Soft-Skills Training for Entrepreneurs in Jamaica
A randomized controlled trial with 945 entrepreneurs in Jamaica shows positive short-term impacts of soft-skills training on business outcomes. The effects are concentrated among men and disappear 12 months after the training. The main channel is increased adoption of recommended business practices, exclusively observed in the short run. Persistent effects were observed on an incentivized behavioral measure of perseverance after setbacks, a focus of this training. An intensive course on soft-skills was compared to one that combines soft-skills with traditional business training. The effects of the combined training are never statistically significant.
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Language: | English |
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Inter-American Development Bank
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Subjects: | Business Development, Entrepreneurship, Socio-Emotional Skill, Training and Development, J24 - Human Capital • Skills • Occupational Choice • Labor Productivity, O12 - Microeconomic Analyses of Economic Development, L25 - Firm Performance: Size Diversification and Scope, M13 - New Firms • Startups, soft skills;entrepreneurship;business training, |
Online Access: | http://dx.doi.org/10.18235/0002450 https://publications.iadb.org/en/the-impact-of-soft-skills-training-for-entrepreneurs-in-jamaica |
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dig-bid-node-283052020-07-13T22:52:41ZThe Impact of Soft-Skills Training for Entrepreneurs in Jamaica 2020-06-19T00:00:00+0000 http://dx.doi.org/10.18235/0002450 https://publications.iadb.org/en/the-impact-of-soft-skills-training-for-entrepreneurs-in-jamaica Inter-American Development Bank Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training A randomized controlled trial with 945 entrepreneurs in Jamaica shows positive short-term impacts of soft-skills training on business outcomes. The effects are concentrated among men and disappear 12 months after the training. The main channel is increased adoption of recommended business practices, exclusively observed in the short run. Persistent effects were observed on an incentivized behavioral measure of perseverance after setbacks, a focus of this training. An intensive course on soft-skills was compared to one that combines soft-skills with traditional business training. The effects of the combined training are never statistically significant. Inter-American Development Bank Diego Ubfal Irani Arráiz Diether Beuermann Michael Frese Alessandro Maffioli Daniel Verch application/pdf IDB Publications Jamaica The Caribbean en |
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Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training |
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Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training Inter-American Development Bank The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
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A randomized controlled trial with 945 entrepreneurs in Jamaica shows positive short-term impacts of soft-skills training on business outcomes. The effects are concentrated among men and disappear 12 months after the training. The main channel is increased adoption of recommended business practices, exclusively observed in the short run. Persistent effects were observed on an incentivized behavioral measure of perseverance after setbacks, a focus of this training. An intensive course on soft-skills was compared to one that combines soft-skills with traditional business training. The effects of the combined training are never statistically significant. |
author2 |
Diego Ubfal |
author_facet |
Diego Ubfal Inter-American Development Bank |
topic_facet |
Business Development Entrepreneurship Socio-Emotional Skill Training and Development J24 - Human Capital • Skills • Occupational Choice • Labor Productivity O12 - Microeconomic Analyses of Economic Development L25 - Firm Performance: Size Diversification and Scope M13 - New Firms • Startups soft skills;entrepreneurship;business training |
author |
Inter-American Development Bank |
author_sort |
Inter-American Development Bank |
title |
The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
title_short |
The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
title_full |
The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
title_fullStr |
The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
title_full_unstemmed |
The Impact of Soft-Skills Training for Entrepreneurs in Jamaica |
title_sort |
impact of soft-skills training for entrepreneurs in jamaica |
publisher |
Inter-American Development Bank |
url |
http://dx.doi.org/10.18235/0002450 https://publications.iadb.org/en/the-impact-of-soft-skills-training-for-entrepreneurs-in-jamaica |
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AT interamericandevelopmentbank theimpactofsoftskillstrainingforentrepreneursinjamaica AT interamericandevelopmentbank impactofsoftskillstrainingforentrepreneursinjamaica |
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