Long-Term and Lasting Impacts of Personal Initiative Training on Entrepreneurial Success

A-Tier
Journal: American Economic Review: Insights
Year: 2025
Volume: 7
Issue: 4
Pages: 463-79

Authors (6)

Francisco Campos (not in RePEc) Michael Frese (not in RePEc) Leonardo Iacovone (World Bank Group) Hillary C. Johnson (not in RePEc) David McKenzie (World Bank Group) Mona Mensmann (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 6 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A randomized experiment in Togo found that personal initiative training for small businesses resulted in large and significant impacts for both men and women after two years. We revisit these entrepreneurs after seven years and find long-lasting average impacts of personal initiative training of $91-higher profits per month, which is larger than the two-year impacts. However, these long-term impacts are very different for men and women: The impact for men grows over time as they accumulate more capital and increase self-efficacy, whereas the impact for women is flat or declines, and capital buildup is much more limited.

Technical Details

RePEc Handle
repec:aea:aerins:v:7:y:2025:i:4:p:463-79
Journal Field
General
Author Count
6
Added to Database
2026-01-25