Does College Education Reduce Small Business Failure?

Arbeitspapier

We estimate the effect of college education on business survival using the NLSY79. The endogeneity of both education and business ownership is accounted for by a competing risks duration model augmented with a college selection equation. Contrary to the previous literature, we fi nd no effect of college education on business failure. College however signi cantly increases “employment survival.” Unlike college, cognitive skills have a positive impact on employment survival for both the self-employed and employees. The results suggest that college affects the self-employed and salaried employees in different ways, for example generating skills more useful in employment than self-employment.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IFN Working Paper ; No. 1050

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Duration Analysis; Optimal Timing Strategies ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Entrepreneurship
• Thema: Selection ; Entrepreneurship ; College Education ; Intelligence ; Self-con dence

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Asoni, Andrea ; Sanandaji, Tino
• Ereignis: Veröffentlichung
• (wer): Research Institute of Industrial Economics (IFN)
• (wo): Stockholm
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/109123
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ