Education and Entrepreneurial Choice: An Instrumental Variables Analysis

Arbeitspapier

Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered to be an endogenous variable. This study accounts for this endogeneity by using an instrumental variables approachand a data set of more than ten thousand individuals from 27 European countries and the US. Theeffect of education on the decision to become self-employed is found to be strongly positive,much higher than the estimated effect in case no instrumental variables are used. That is, thehigher the respondent's level of education, the greater the likelihood that he/she starts a business.Implications for entrepreneurship research and practice are discussed.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Tinbergen Institute Discussion Paper ; No. 09-088/4

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multiple or Simultaneous Equation Models: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions ; Education and Research Institutions: General ; Human Capital; Skills; Occupational Choice; Labor Productivity ; Entrepreneurship
• Thema: Occupational choice ; entrepreneurial choice ; education ; self-employment ; endogeneity ; instrumental variables ; Qualifikation ; Berufswahl ; Unternehmensgründung ; Selbstständige ; Entrepreneurship-Ansatz ; Instrumentalvariablen-Schätzmethode

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Block, Joern H. ; Hoogerheide, Lennart ; Thurik, Roy
• Ereignis: Veröffentlichung
• (wer): Tinbergen Institute
• (wo): Amsterdam and Rotterdam
• (wann): 2009

Weitere Informationen

• Handle: http://hdl.handle.net/10419/86709
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ